View help EE * T A - AL AaBbCcDc AaBbc AaBbCcDc AaBbCcDd AaBi Emphasis Heading 1 I Normal Sul Strong 5t Paragraph The following data is for Annabella Corporation: 20X2 Current Year 20X1 Prior Year 15,000 35,000 50,000 200,000 20,000 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Security Deposit Accounts Payable Wages Payable Taxes Payable Interest Payable Note Payable Common Stock ($1 each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Utility Expense Interest Expense Income Tax Experise 65,000 55,000 40,000 260,000 30,000 10,000 55,000 6,000 5.000 4.000 90.000 80,000 160,000 1,000,000 500,000 206,000 30.000 20,000 10.000 16,000 8,000 60,000 30,000 10,000 7,000 3,000 100,000 50,000 80,000 The common stock was sold on September 30 of the current year for $1 per share. All equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $10.000 principal plus interest at 8% on December 31st of each year. Prepare the financial statements for the current year