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Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Tax rate

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Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Tax rate Owners' equity 2021 $ 22,652 3,050 6.972 1,826 1,620 5,689 11,167 1,897 35,991 82,654 7,612 23,855 35% $ 77,865 Prepare an income statement and a balance sheet for the ABC company for the year 2021. Please follow the below mentioning rules: a. Please include EBITDA, EBIT, EBT, and Net Income in the income statement. b. Please include total current assets, total assets, total current liabilities, and total liabilities and equity in the balance sheet. You must ensure the balance sheet equation: A = L +E hint: short term notes payable is a current liability

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