Complete an income statement and balance sheet using the information provided in the XYZ Corporation's Balance Sheet and Income Statement template Download XYZ Corporation's Balance Sheet and Income Statement template. Use Excel formulas within the cells to calculate all required calculated numbers.

Part $2$

Prepare a brief research paper that includes the following:

The purpose and use of the balance sheet.

An overview of the key information required to prepare the balance sheet and specific requirements for how the balance sheet should be presented.

The purpose and use of the income statement.

An overview of the key information required to prepare the income statement and specific requirements for how the income statement should be presented.MBA$520$

Module $2$ CTA

Following are various account balances for XYZ Corporation as of the fiscal year ended December $31,2020.$

Prepare XYZ Corporation's Balance Sheet and Income Statement as of December $31,2020.$

Note: There are some account balances included in the list that do NOT belong on either statement.MBA$520$

Module $2$ CTA

Following are various account balances for XYZ Corporation as of the fiscal year ended December $31,2020.$

Prepare XYZ Corporation's Balance Sheet and Income Statement as of December $31,2020.$

Note: There are some account balances included in the list that do NOT belong on either statement.