The following are accounts of Bingham Inc. as of December 31, 20XX. Prepare a Balance Sheet and Income Statement based on these accounts. Include the proper titles for each statement. Write clearly. Dividends paid this year 12,000 Accounts receivable 10,000 Accumulated depreciation 52,000 COGS 78,000 Taxes 8,000 Sales 200,000 Cash 65,000 Equipment 120,000 Selling, G&A 34,000 Depreciation expense 50,000 Stocks $90,000 Accounts payable $15,000 Inventory 37,000 Mortgage loan 40,000 Retained Earnings (beginning of year)...23,000 Interest expense 6,000