After reading the "PV model under certainty", please complete the second-year B/S and I/S of the firm on the article.

QUESTION FROM PV MODEL UNDER CERTAINITY:

Consider P.V LTD, a one -asset firm with no liabilities. Assumes that the asset will generate end-of-year cash flowof $100 each year for 2 years and then will have zero value. Assume also that the risk-free interest rate in the economy is 10%. Then, at time 0 (the beginning of the first year of the assets life), the present value of the firms's future cash flow, denoted PA_{0 is}

PA₀= ($100 / 1.10) + ($100 /[1.10]²)

=$90.91 + $82.64

=$173.55

Now, move on to time 1, one year later. At that time, the present value of the remaining cashflows from the firm's asset is:

PA₁= $100 /1.10

=$90.91

FROM THIS QUESTION:PLEASE PREPARE THE YEAR 2(second year) Balance sheet and Income Statement