Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare an Income Statement. SOLOMON COMPANY Income Statement for Year 1 Sales revenue $ 0 Cost of goods sold Gross margin Operating expenses Administrative expenses Net income $ 0 Income Statement Balance Sheet Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare a balance sheet. (Amounts to be deducted should be indicated with a minus sign.) SOLOMON COMPANY Balance Sheet as of 12/31/Year 1 Assets Cash Finished goods inventory Manufacturing equipment Accumulated depreciation Total assets $ 0 Equity Common stock Retained earnings Total equity $ 0 Income Statement Balance Sheet >