The 9 Flags Resort and Theme Park has provided you the following information for the year 2020:

Cash $16,500 Accounts receivable 21,000 Accumulated depreciation-equipment 2,800 Notes payable 50,000 Accounts payable 16,000 Common stock 25,000 Cost of goods sold 127,000 Depreciation expense 4,800 Dividends 5,300 Equipment 44,000 Interest expense 3,800 Patents 7,500 Advertising Expense 4,200 Retained earnings, January 1 16,000 Salaries and wages expense 25,200 Sales revenue 235,600 Inventory 86,100

Instructions:Prepare the following statements in a proper format including headings and date too:

1. Income Statement

2. Classified Balance Sheet