3 4 Build a BALANCE SHEET and INCOME STATEMENT using the accounts below for ABC Company 5 6 7 $3,990.00 $2,043.00 8 $1,018.00 9 10 Sales Cost of Goods Sold Depreciation Expense Interest Expense Current Assets Net Fixed Assets Current Liabilities Long-Term Debt $267.00 $2,346.00 11 $7,087.00 12 13 $1,126.00 $2,962.00 14 15 The corporate tax rate is 21% 16 17 18 Balance Sheet 19 December 31, 2019 20 ASSETS LIABILITIES 21 22 23 Total Assets 24 OWNERS' EQUITY 25 26 27 ABC Company 28 29 Income Statement December 31, 2019 B SETS c ZU F LABILITIES G H 21 22 23 Total Assets 24 OWNERS' EQUITY 25 26 27 28 ABC Company Income Statement 29 December 31, 2019 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 4 48