Create an example balance sheet. This balance sheet must be your ORIGINAL work. You may not use a balance sheet from your textbook or any other source. The balance sheet you create will be for the fictional company for which this training manual is being created. Balance sheet should create from previous project Income statement. which is as follows: Please make balance sheet use undermentioned income statements.

Income Statement $($For the Year Ending December $31,2022)$

Revenue Amount $($$$)$

Sales $1,200,000$

Other Income $30,000$

Total revenue $1,230,000$

Expenses

Cost of Goods Sold $600,000$

Operating Expenses $350,000$

Marketing $80,000$

Depreciation $40,000$

Total Expenses $1,070,000$

Net Income $160,000--=--$How should a balance sheet be analyzed? In other words, what information does it give us about the company$$s financial situation? Use the example balance sheet you created to explain how this should be done.