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Prepare the income statement and balance sheet for Coca-Cola Company for the fiscal year ending December 31, 20X5, using the following data: Income Statement: Revenue

Prepare the income statement and balance sheet for Coca-Cola Company for the fiscal year ending December 31, 20X5, using the following data:

Income Statement:

Revenue

$30,000,000

Cost of Goods Sold

$10,000,000

Operating Expenses

$5,000,000

Interest Expense

$1,000,000

Tax Expense

$2,000,000

Balance Sheet:

Assets

Liabilities & Equity

Cash: $5,000,000

Accounts Payable: $2,000,000

Inventory: $3,000,000

Long-Term Debt: $10,000,000

Property, Plant & Equipment: $20,000,000

Equity: $25,000,000

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