uestion Completion Status: Question 1: (30 marks) The following items are taken from the financial statements of Maxon Service for 2017 Accounts payable... $18,500 Accounts receivable.. 4,000 Accumulated depreciation equipment........... 4,800 Accumulated amortization-patents.. 10,000 Bonds payable, due 2027........... 18,000 Cash. 24,000 M. Maxon, capital.. 41,000 Advertising expense... 3,000 Depreciation & amortization expense.. 4,800 M. Maxon, drawings.... 5,300 Equipment... 48,000 Interest expense............ 2,500 Patents..... 17,500 Salaries expense.. 15,200 Service revenue.. 36,500 Supplies...... 4,500 Instructions a. Prepare an income statement/Profit Margin, b). Statement of Owner's Equ A). MAXON Service maining Telui, CON lestion Completion Status: C). MAXON SALES Balance Sheet December 31, 2017 Assets Current assets Total current assets. Property, plant, and equipment Intangible assets ............. Total assets. Liabilities and Owner's Equity Current liabilities M. Maxon, capital Total liabilities and owner's equity