You recently graduated from Yorkville University with a BBA and were hired by Fondi Tour Services. He has asked you to prepare an Income Statement and Balance Sheet based on the following information. Your boss would also like you to write a brief paragraph on how you think the company could improve its Profitability. Accounts Payable Account Accounts Receivable Advertising Expense Cash Depreciation Expense Fuel Interest Expense Marketable Securities Marketing Expense Prepaid Rent Tour Service Revenue Unearned Revenue Wages Payable Amount Account Amount 95,000 Land 500,000 25,000 Accumulated Depreciation Equip 55,000 33,000 Common Stock 325,000 50,000 Equipment 350,000 15,000 Goodwill 86,000 22,000 Insurance Expense 75,000 5,000 Tax Rate 40% 10,000 Dividends 8,200 97,000 Short term Notes Payable 82,000 15,000 Mortgage 490,000 326,000 Tax Payable 32,000 18,000 10,000 Interest Revenue 22,000 Inventory 125,000