Use the following the balance sheet and income statement to complete the common and income statement and balance sheet. Balance Sheet 20X1 20x0 20x1 20x0 Assets Liabilities and Equity Current Assets Current Liabilities Cash 1.013 2025 Accts Payable 2331 1.184 Accounts Rec 6,652 5.109 Current IT debt 2000 1,995 Inventories 6,700 10611 Accrued Exp 3.158 2898 Total Current Assets 14365 17,745 Total Current Liab 7489 5.987 Long-Term Debt 6,910 15.600 Property. Plant & Equip 10.237 3.418 Total Liabilities 14399 21,587 Accum. Depreciation (5.741) 141631 NetPPBE 4.496 Preferred Stock 40 12 Common Stock 129 138 Total Assets 18.861 21.990 Retained Earnings 4293 250 Total Equity 4402 411 Total Lab, and Equity 18,861 21.990 Income Statement Income Statement 20X1 20X0 Net Sales 69,169 52,857 Cost of Goods Sold (57292) (451792 Gross Profit 11,877 7,678 (5.353) (5,547 6,524 2.131 (697) (531) Selling and Admin Income before Depreciation Deprec. and Amort Non-Operating Expense Earnings before Tax Interest Exp Income before Tax 272 213 6,099 2313 1875 (1245) 5.224 1,068 Taxes 12.090) (427 Net Income 3,134 641 Liabilities and Equity 20X1 20x0 Current Liabilities Accounts Payable 12:36 X 12:36 Current Long-Term Debt 10.60 X 10.60 $ Accrued Expenses 16.71 16.74 X 39.71 X Total Current Liabilities Long-Term Debt 6.61 36.61 X Total Liabilities 76.31 X Preferred Stock 0.21 X 1068 x 21 Common Stock Retained Eamingo Total Shareholders Equity 2276 X 21.66 X Total Liabilities & Equity