Assignment: Due March 27, 11:59 p.m. 25 points Angle Co. presents you with the following trial balance (small company, and it's simple). Cash $ 20,000 Accounts receivable 25,000 Inventory 180,000 Prepaid expenses 5,000 Machinery 500,000 Accumulated depreciation (250,000) Other assets 15,000 Accounts payable (15,000) Income taxes payable (2.000) Long-term debt (145,000) Common stock Additional paid-in capital (95,000) Retained earnings (225,000) Sales (450,000) Cost of goods sold 260,000 Marketing expense 85,000 Administrative expenses 75,000 Depreciation expense 5,000 Other expenses 21,000 Income tax expense en 1,000 (10,000) D You recall from your accounting class that debits are positive numbers and credits are negative numbers (shown in parentheses above). You also recall that a trial balance is organized by the nature of the account. It's not a random ordering of accounts Your Assignment: 1. In Word or Excel, created a statement of financial position (balance sheet) and an income statement for Angle Co, based on the trial balance above. Do your best formatting it, and making it look professional and ready to present to a bank for a loan. BC 2. Identify something interesting about the statements, just one thing, in a sentence (or two) describing it and explaining why it's interesting to you. Maybe something that raises a question. Correctness of the financial statements and formatting count. Spelling, too! Do your best