1/ For the exercise below, please complete the assignment by creating a spreadsheet with your answers. Once it is complete, attach the file below. The balance sheet and income statement for ABC Company for the years 2015 and 2016 are as follows: ABC Company BALANCE SHEET 2015 2016 Cash $710 $250 Accounts receivable 570 620 Inventory 1,200 730 Total Assets $2,480 $1,600 Accounts payable $680 $440 Notes payable 650 250 Common stock 450 210 Retained earnings 700 700 Total liabilities and stockholders' equity $2,480 $1,600 INCOME STATEMENT Net Sales $950 $940 Cost of goods sold 120 210 Gross margin 830 730 Expenses: Salaries $100 $150 Warehousing costs 80 120 Advertising 460 650 Taxes 45 85 Total expenses $685 $1,005 Net Income $145 ($275) Question: Perform vertical and horizontal analysis of the statements and identify two things that appear to be unusual and could be possible symptoms of fraud. 1/ For the exercise below, please complete the assignment by creating a spreadsheet with your answers. Once it is complete, attach the file below. The balance sheet and income statement for ABC Company for the years 2015 and 2016 are as follows: ABC Company BALANCE SHEET 2015 2016 Cash $710 $250 Accounts receivable 570 620 Inventory 1,200 730 Total Assets $2,480 $1,600 Accounts payable $680 $440 Notes payable 650 250 Common stock 450 210 Retained earnings 700 700 Total liabilities and stockholders' equity $2,480 $1,600 INCOME STATEMENT Net Sales $950 $940 Cost of goods sold 120 210 Gross margin 830 730 Expenses: Salaries $100 $150 Warehousing costs 80 120 Advertising 460 650 Taxes 45 85 Total expenses $685 $1,005 Net Income $145 ($275) Question: Perform vertical and horizontal analysis of the statements and identify two things that appear to be unusual and could be possible symptoms of fraud