A) Classify in the appropriate statement: Income Statement (IS) or Balance Sheet (BS). B) Indicates the type of account that is active current (AC) current liabilities (PC), spending (G), fixed assets (AF), long-term debt (DLP), income (I) or shareholders' equity (PA). (27 points)

C) With the amounts that are provided for each account, prepare:

1. Statement of Income and Expenditure for the year ending December 31 of the year current. (10 points) 2. The Statement of Financial Position at December 31 this year. (10 points)

******** PLEASE INCLUDE ALL THE CALCULATIONS OF THE PROBLEMS, THANK ******

****** It is important to complete the table in Part A is to respond if Income statement (IS) or Balance Sheet (BS) Part B is to respond if current assets, expenses, fixed assets, long-term debt, income, or equity shareholder .

Cuentas a) Estado al que corresponde b) Tipo de cuenta) Cantidad Acciones comunes (valor par Common Stock Acciones preferidas Preferred Stock Capital en exceso de par Paid in capital in excess $5,000 $5,000 $975,465 Costo de los Bienes Vendidos Cost of Goods Sold Cuentas a cobrar Accounts Receivable Cuentas a pagar Accounts Payable Depreciacin Depreciation Depreciacin acumulada - Equipo & Maquinarias Accumulated Depreciation- Machinery& Equipment $1,459,455 $260,205 378,236 $112,178 $419,044 Deuda a largo plazo Long-term Debt Efectivo Cash $679,981 30,070