Saved Help Save & Exit Subm Check my work Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) ces Prior Year Current Year Revenue $4,000 5600 Cost of Good Sold 1,600 12,520 Depreciation 500 525 Inventory 300 340 SG&A 500 580 Interest Expenses 1150 172 Common Stock and Paid-in Capital 2,200 2,200 Federal and State 400 Taxes (35% of EBT) Accounts Payable 300 340 Accounts Receivable 400 1450 Net Fixed Assets 15.000 5000 Retained Earnings Balance Sheet) 1.000 Long-Term Debt 2.000 12500 Notes Payable 11.000 950 Dividends Paid 1410 410 Cash 1800 Income Statement Questions What Is SinCO'S EBITDA for the current 2500 year? What is SinCo's EBIT for the current 1975 year? What is SinCo's Net Income for the Cannemor |Common Stock and 1,200 12,200 |340 450 5000 Paid-in Capital Federal and State 1400 Taxes (35% of EBT) Accounts Payable 300 Accounts Receivable 400 Net Fixed Assets 15,000 Retained Earnings 11,000 (Balance Sheet) Long-Term Debt 2,000 Notes Payable 11,000 Dividends Paid 1410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? 2500 1950 |410 2500 1975 1172 Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets