The Goutte Company had the following tema on es December 31, 20x0, balance sheet and 20x6 income statement in dollars except for number of shares outstanding) Click the icon to view the data) Requirement 1. Prepare in proper form the December 31, 20x0, balance sheet and the 20x0 Income staternent for Gouette Company. Include the proper amount for additional puid-in capital Begin by preparing the December 31, 20X0 balance sheet. Start with the anata section, and then prepare the abilities and shareholders equally section to complete the statement Gouette Company Balance Sheet December 31, 20X0 ASSETS Current Assets (1) (2) 0) Total current assets Noncurrent Assets (6) Less (6) (7) (8) 9) Total noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities (10) (12) Total current Noncurrent Liabilities Print (15) Total current Total liabilities Shareholders' Equity (16) (15) Total shareholders' equity Total abilities and shareholders equity Now prepare tho 20X0 Income statement. (Una minus signer parentheses for another expense andles and other experta Round camins per share to the nearest cent) Gouette Company Income Statement Year Ended December 31, 20X0 120 Gross margin 021 Income from operations Other Company Income (22) 23 Total other expense) income income before income taxes Net Income $ 93,000 Cash and equivalents Revenues Notes payable Long-term debt, excluding current portion Accounts receivable, net Provision for income taxes Other long-term assets Interest expense Deferred income tax liability-long-term Retained earnings Income taxes payable Cost of sales 1,050,000 20,000 67,000 75,000 55,000 44,000 45,000 Inventories Prepaid expenses Common stock (80,000 shares outstanding) Property, plant, and equipment, at cost Accounts payable Interest income Goodwill, patents, and trademarks Current portion of long-term debt Less: Accumulated depreciation Selling and administrative expenses Additional paid-in capital 37.000 250,000 26,000 700,000 50,000 35,000 80,000 550,000 72.000 10,000 60,000 30.000 160,000 160,000