Problem 5-12cf Fudge Sandwich Biz, Year 2. (2020) Bought 24,000 sandwiches at $1.00 each on account (on credit). Paid the beginning Accounts Payable. She also paid $23,000 on this years' purchases. She sold 24,000 sandwiches at $2 each. She paid wages of $12,000 plus she owed her workers $1,000 at the end of the year. On January 1 she purchased the cart she had been renting for $12,000 cash. She estimated the cart would last 12 years and then be worthless. She paid parking fees of $2,350 ($150 per month plus last year's accrual, plus Jan 2021). Business has been so good that Betty decided to expand. She got a loan from her parents (interest free) of $16,000. She then purchased a second cart for $14,000 on January 1st that she expects will last for ten years and then be worth $1,000. Betty also sold another 100 shares of stock for $5,000 on October 1st to provide additional working capital. Taxes for the prior year were paid and taxes for the current year will be paid next year (same rate as last year). Prepare financial statements.