USE THES KEY Assignment 4 Name FOR ASSI BN 5 depreciation =#mithsbasis=41248K=1K For this assignment, you will need to create an Income Statement and Balance Sheet. To create these financial statements, you should use the transaction ledger that was completed in Assignment 4. Make sure to download a key to Assignment 4 from BB and DO NOT use your previous work. Make sure to label and classify accounts and amounts correctly. You should make sure to list both gross and net PPE and include subtotals for current assets, long-term assets, total asset, current liabilities, total liabilities, total equity, and total liabilities and equity. This assignment is worth a total of 28 points with the income statement being worth 11 points and the balance sheet being worth 16 points. One point will be rewarded for following instructions correctly. To complete this assignment, you will need to fill out both financial statements. This was passed out in class and is also available to download on GoogleDrive/Blackboard. This assignment must be handwritten (or tablet stylus written). If you will not be in class to turn in your assignment, make sure to submit it early (slide under my office door is fine) or send it with a trusted classmate. This is due at the beginning of class on the due date (Mon, Oct 3rd or Tues, Oct 4th depending or section you are assigned to.) Any late assignments will be accepted at my discretion depending the degree of lateness. Failure to follow submission guidelines will result in points lost. Typing assignment will result in a 0/28. Make sure to follower all directions. This assignment is worth a total of 28 points. The following poi deductions will be applied: USE THES KEY Assignment 4 Name FOR ASSI BN 5 depreciation =#mithsbasis=41248K=1K For this assignment, you will need to create an Income Statement and Balance Sheet. To create these financial statements, you should use the transaction ledger that was completed in Assignment 4. Make sure to download a key to Assignment 4 from BB and DO NOT use your previous work. Make sure to label and classify accounts and amounts correctly. You should make sure to list both gross and net PPE and include subtotals for current assets, long-term assets, total asset, current liabilities, total liabilities, total equity, and total liabilities and equity. This assignment is worth a total of 28 points with the income statement being worth 11 points and the balance sheet being worth 16 points. One point will be rewarded for following instructions correctly. To complete this assignment, you will need to fill out both financial statements. This was passed out in class and is also available to download on GoogleDrive/Blackboard. This assignment must be handwritten (or tablet stylus written). If you will not be in class to turn in your assignment, make sure to submit it early (slide under my office door is fine) or send it with a trusted classmate. This is due at the beginning of class on the due date (Mon, Oct 3rd or Tues, Oct 4th depending or section you are assigned to.) Any late assignments will be accepted at my discretion depending the degree of lateness. Failure to follow submission guidelines will result in points lost. Typing assignment will result in a 0/28. Make sure to follower all directions. This assignment is worth a total of 28 points. The following poi deductions will be applied