Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your answers to the nearest whole number.) Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your answers to the nearest whole number.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Windswept Woodworks, Incorporated } \\ \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ for the period ending December 31, Year 2} \\ \hline \multicolumn{3}{|c|}{ (millions of dollars) } \\ \hline Sales & & 7 \\ \hline Cost of goods so & & [ \\ \hline Gross profit on s & . & 8 \\ \hline Depreciation exp & & 7 \\ \hline Earnings before & tand taxes & 7 \\ \hline Interest expense & & \\ \hline Taxable income & & 8 \\ \hline Taxes(@21\%) & & 7 \\ \hline Net income & & 1 \\ \hline \end{tabular} Windswept Woodworks, Incorporated Comparative Balance Sheets for December 31, Year 1 and Year 2 (millions of dollars) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equity } \\ \hline & Year 2 & Year 1 & & Yoar 2 & Year 1 \\ \hline Current assets & a & & Liabilities & +1 & 1 \\ \hline Cash \& equivalents & & & Accounts payable & & T \\ \hline Accounts receivable & & & Notes putable & 7 &. \\ \hline Inventory & & & Other current liabilitios & = & \\ \hline Total current assets & & . & Total current liabilities & & \\ \hline & & & Long-term debt & & \\ \hline 8 & & & Total liabilities & & \\ \hline Fixed assets & & & Owners' equity & & \\ \hline Gross plant \& equipment & & & Common stock & & \\ \hline Accumulated depreciation & & & Retained earnings & & \\ \hline Net plant and equipment & & & Total equity & & \\ \hline Total assets & & & Total liabilities and equity & & \\ \hline \end{tabular} Windswept Woodworks, Incorporated Comparative Balance Sheets for December 31, Year 1 and Year 2 (millions of dollars) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equity } \\ \hline & Year 2 & Year 1 & & Yoar 2 & Year 1 \\ \hline Current assets & a & & Liabilities & +1 & 1 \\ \hline Cash \& equivalents & & & Accounts payable & & T \\ \hline Accounts receivable & & & Notes putable & 7 &. \\ \hline Inventory & & & Other current liabilitios & = & \\ \hline Total current assets & & . & Total current liabilities & & \\ \hline & & & Long-term debt & & \\ \hline 8 & & & Total liabilities & & \\ \hline Fixed assets & & & Owners' equity & & \\ \hline Gross plant \& equipment & & & Common stock & & \\ \hline Accumulated depreciation & & & Retained earnings & & \\ \hline Net plant and equipment & & & Total equity & & \\ \hline Total assets & & & Total liabilities and equity & & \\ \hline \end{tabular} Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your answers to the nearest whole number.) Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your answers to the nearest whole number.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Windswept Woodworks, Incorporated } \\ \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ for the period ending December 31, Year 2} \\ \hline \multicolumn{3}{|c|}{ (millions of dollars) } \\ \hline Sales & & 7 \\ \hline Cost of goods so & & [ \\ \hline Gross profit on s & . & 8 \\ \hline Depreciation exp & & 7 \\ \hline Earnings before & tand taxes & 7 \\ \hline Interest expense & & \\ \hline Taxable income & & 8 \\ \hline Taxes(@21\%) & & 7 \\ \hline Net income & & 1 \\ \hline \end{tabular} Windswept Woodworks, Incorporated Comparative Balance Sheets for December 31, Year 1 and Year 2 (millions of dollars) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equity } \\ \hline & Year 2 & Year 1 & & Yoar 2 & Year 1 \\ \hline Current assets & a & & Liabilities & +1 & 1 \\ \hline Cash \& equivalents & & & Accounts payable & & T \\ \hline Accounts receivable & & & Notes putable & 7 &. \\ \hline Inventory & & & Other current liabilitios & = & \\ \hline Total current assets & & . & Total current liabilities & & \\ \hline & & & Long-term debt & & \\ \hline 8 & & & Total liabilities & & \\ \hline Fixed assets & & & Owners' equity & & \\ \hline Gross plant \& equipment & & & Common stock & & \\ \hline Accumulated depreciation & & & Retained earnings & & \\ \hline Net plant and equipment & & & Total equity & & \\ \hline Total assets & & & Total liabilities and equity & & \\ \hline \end{tabular} Windswept Woodworks, Incorporated Comparative Balance Sheets for December 31, Year 1 and Year 2 (millions of dollars) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equity } \\ \hline & Year 2 & Year 1 & & Yoar 2 & Year 1 \\ \hline Current assets & a & & Liabilities & +1 & 1 \\ \hline Cash \& equivalents & & & Accounts payable & & T \\ \hline Accounts receivable & & & Notes putable & 7 &. \\ \hline Inventory & & & Other current liabilitios & = & \\ \hline Total current assets & & . & Total current liabilities & & \\ \hline & & & Long-term debt & & \\ \hline 8 & & & Total liabilities & & \\ \hline Fixed assets & & & Owners' equity & & \\ \hline Gross plant \& equipment & & & Common stock & & \\ \hline Accumulated depreciation & & & Retained earnings & & \\ \hline Net plant and equipment & & & Total equity & & \\ \hline Total assets & & & Total liabilities and equity & & \\ \hline \end{tabular}