Complete this question by entering your answer in the tabs below. Prepare an Income Statement. Prepare a Balance Sheet. Required information [The following information applies to the questions displayed below.] Campbell Company began operations on January 1, Year 1, by issuing common stock for $39,000 cash. During Year 1, Campbell received $70,000 cash from revenue and incurred costs that required $50,000 of cash payments. Required repare a GAAP-based income statement and balance sheet for Campbell Company for Year 1 under the following scenario: - Campbell is a promoter of rock concerts. The $50,000 was paid to provide a rock concert that produced the revenue