Question 3: Analysis of Business Financial Performance The following review problem will give you the opportunity to apply what you have learned by preparing both an income statement and a balance sheet. The following items, listed in alphabetical order, are taken from the records of Grizzly Co. Ltd, a chain of outdoor recreational stores located in the Northwest Midlands. Required: Use these items to prepare the following statements for Grizzly Co. Ltd. i. First, prepare an income statement for the year ended December 31, 2017. The income statement should be in the multiple-step form. (10 marks) ii. Second, prepare a classified balance sheet at December 31, 2017. All amounts are in thousands of dollars. (15 marks)