Q3 (25). Company ABC enters business in Jan 2016 and has an accounting income of for year 2016, $3,000 loss for 2017 and net income $2,000 in 2018, with following balar 2016 2017 2018 500 900 600 1200 800 400 800 1000 200 200 800 100 Accounts Payable Prepaid Expense Unearned Revenue Accounts Receivable At the same time, company bought a car for $5,000 in Jan 2016, with useful life of 5y residual value amortized using straight-line method. This equipment was sold June 3 for $3,500. Please prepare ALL related JEs for 2016, 2017 (tax, amortization and sal Q3 (25). Company ABC enters business in Jan 2016 and has an accounting income of $1,000 for year 2016, $3,000 loss for 2017 and net income $2,000 in 2018, with following balance 2016 2017 2018 500 900 600 1200 800 400 800 1000 200 200 800 100 Accounts Payable Prepaid Expense Unearned Revenue Accounts Receivable At the same time, company bought a car for $5,000 in Jan 2016, with useful life of 5 years $500 residual value amortized using straight-line method. This equipment was sold June 30, 2017 for $3,500. Please prepare ALL related JEs for 2016, 2017 (tax, amortization and sale of asset)