Question: Create a income statement and balance sheet for the given information. 1) Yiv invest $500,0000/E 2) Purchase 100,000 Machine/10yr Iw 3) Purchuse raw matrial 75,000
Create a income statement and balance sheet for the given information. 
1) Yiv invest $500,0000/E 2) Purchase 100,000 Machine/10yr Iw 3) Purchuse raw matrial 75,000 A/P 4) Purchuse computers 30,000/5yes 5) Wases =15,000 opex 6) Sold $100,000 Rev 7) Gross magin =50?.G 8) 50% of sales on A/R 9) Rawmaterial Purchased in Aut. A/P 1) Yiv invest $500,0000/E 2) Purchase 100,000 Machine/10yr Iw 3) Purchuse raw matrial 75,000 A/P 4) Purchuse computers 30,000/5yes 5) Wases =15,000 opex 6) Sold $100,000 Rev 7) Gross magin =50?.G 8) 50% of sales on A/R 9) Rawmaterial Purchased in Aut. A/P
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