Research how to build and then create an example of a balance sheet (also known as a Statement of Financial Position) for the non-profit organization named Lead by Example, which helps provide 504 and IEP advocacy to parents of children with autism or spectrum disorders. Be sure to include all relevant assets, liabilities, and net assets. Use the Income Statement and Statement of Cash Flow below to complete your balance sheet.

Income Statement Statement of Cash Flow Lead by Example Lead by Example Statement of Income Cash Flow Statement Year ended 12/31/2019 For the year ending 12/31/2019 Revenues $1,000,000 Cash Flow From Operations $60,000 Cost of goods sold Gross profit 200.000 $800,000 Additions to Cash Depreciation Increase in Accounts Payable $20,000 $10,000 Operating expenses Selling general, and administrative expense Interest expense Depreciation and amortization expense ($20,000) ($30,000) Operating income $40,000 Subtractions from Cash 357.700 Increases in Accounts Receivable 20,000 Increase in Inventory 5.200 $427.100 Net Cash From Operations $20,000 Cash Flow From Investing Purchase equipment $437.100 Cash Flow From Financing 240.000 Notes payable Interest income (s5.000) Net earnings before taxes Income tax expense $7.500 Net income $197.100 Cash Flow for year ending 12/31/2019 $42.500