Q.No.1. Following balance sheet data for year 2017 and 2018 and income statement data for year 2018 has been taken from the Roots Up corporation: (10 Marks) Balance sheet Assets Casti Net Accounts Receivable Bad Debt Reserve Inventories Other Notes Roecivable Plant and Equipment Accumulated Depreciation Noncurrent Assets Total Assets Year 2017 $1.69.000 7,05,000 (14,000) 9.83.000 1,30,000 5.12.000 (1.02.000) 72,000 $2,455,000 Year 2018 S233.000 8,84,000 (18.000) 1.160.000 2.14,000 5.52,000 (1.10.000) 68,000 $2,973,000 Liabilities and Equity Accounts Payable Salaries Payable Short-Term Loans Payable Other Current Liabilities Long-Term Debt-Bank Due to Shareholders Paid in Capital Retained Earnings Totals Liabilities and Equity Year 2017 33,33.000 40,000 28.000 2,00,000 4.90,000 3.24.000 5,00,000 5.20.000 $2,455,000 Year 2018 S4.42.000 50,000 50,000 231.000 4,00,000 4,50.000 6,98,000 6.52.000 $2,973,000 Income Statement Particulars Sales Cost of Goods Sold Gross Profit General & Admin Expense Depreciation and Amortization Operating Expense Personnel Expense Bad Debt Expense Operating Profit Other Incomo(Expense) Interest Expense Net Income Year 2018 $8.158,000 (4.895,000) 3,263,000 (3,67.000) (1.88,000) (1,468,000) (8.16,000) (33.000) 3.91.000 000 (1.22.000) $2,69,000 Requirement: Compute the complete comparathe balance sheet and construct the cash flow statement using (indirect method for the year 2018 An exam is not only a test of your academic knowledge: it is also a test of your calmness, stability and courago Good Luck