1. Use the basic accounting equation in where Assets = Liabilities + Equity, compute the missing financial amounts for each company. Company Assets Liabilities Equity A 750,000 490,000 X= B X= 85,000 120,000 C 395,000 75,000 X= D 460,000 X= 180,000 E X= 105,000 205,000 2. The following financial information is from HEB, a competitor of Soriana, for May 31, 2015. (amounts in $ millions). Short-term liabilities $6,334 Cost of goods sold $16,534 Cash flows from financing (2,873 Cash, beginning-year 2,220 Revenues 30,601 Tax expense 932 Stockholders equity 12,707 Short-term assets 15,976 Cash flows from operations 4,680 Interest income 30 Sales and admin. expenses 9,892 Long-term liabilities 2,559 Long-term assets 5.624 Cash, ending-year 3,852 Cash flows from investing (175) Required 1. Prepare an income statement and a statement of cash flows for HEB for the year ended May 31, 2015. 2. Prepare HEB's balance sheet as of May 31, 2015. 3. Analyze the balance sheet and income statement of HEB, what are your conclusions