3. (50% Marks) Use the information in given in the Income Statement, Balance Sheet, and Purcell Diagram to figure out the missing values. The missing values are denoted by brackets i.e. (1) to (42). Mention the source or show necessary calculations for each of the missing values. Income Statement NAC Corporation 2024 (End-of-Year) Sales 900 Expenses Cost of Goods Sold (1) Management Costs 40 R&D Expenses Sales Expense 60 80 Other Taxes & Fees 20 Depreciation 100 750 Profit Before Tax (2) Taxes (Tax Rate 30%) (3) Net Profit (4) Balance Sheet NAC Corporation (Year 2024) Start End Start End 2024 2024 2024 2024 Assets Liabilities & Equities Current Assets Current Liabilities Cash 510 Accounts Payable (5) 20 Accounts Receivables 10 20 Inventories Finished Goods 30 10 Work-in-Progress 90 85 Raw Materials 40 50 Fixed Assets Owner's Equity (9) (8) Plant & Equipment 100 120 Common Stock (11) (10) (6) (7) Purcell Diagram (18) Stock Sales (15) Cash Customers (16)/(17) 405 Accounts Accounts Receivable (13)/(14) Suppliers Payable (19)/(20) (12) Sales 425 Purchased Equipment 120 Depreciation (24) Fixed Assets Total Costs (22)/(23) (21) 200 Raw Materials (25)/(26) Finished Goods WIP (34) (32)/(33) (27) (31) (28)/(29) (30) 130 50 45 Employees 40 40 Management 60 60 R&D Expenses (36) (35) Sales Expenses 20 Fees & Other Taxers 45 45 Government Income Taxes Net Profits +(42) (105) Owner's Equity (37)/(38) Net Net Profits, +(41) -20 Equity Change 105 Dividends Paid (39) Value to Stockholders Created +(40) 20 Stock Sales 20