Revenue and costs for Gravity Petroleum for the year 2020 are presented below: Revenue $ 600,000 G&G costs 600,000 Acquisition costs 2,000,000 Exploratory dry holes 4,000,000 Successful exploratory wells 3,000,000 Development wells, dry 1,000,000 Development wells, successful 800,000 Production facilities 700,000 Production costs 100,000 Amortization for 2020 Accumulated DD&A Successful Efforts $200,000 500,000. Full Cost $ 400,000 700,000 Required: Prepare income statements and unclassified balance sheets for a successful efforts (SE) company and a full cost (FC) company and explain the difference in net income