Create an income statement and a balance sheet for years X1 through X5. You may use any accounting principles that seem appropriate, providing that they are GAAP/IFRS. Your goal is to maximize the firms common stock price at the end of year 5, by making well-informed accounting and financial decisions. You should think of yourself as the CFO (chief financial officer) of this firm. Balance Sheet for the year ending 12/31/X0
Assets
Cash	100,000
Marketable Securities	1,262,000
Accounts Receivable	192,000
Inventory	420,000
Other Assets	150,000
Current Assets	2,124,000
Equipment	2,000,000
Accumulated Depreciation	(200,000)
Fixed Assets	1,800,000
Total Assets	3,924,000
Liabilities and Equity
Accounts Payable	154,000
Other Current Liabilities	50,000
Current Liabilities	204,000
Mortgages	0
Total Liabilities	204,000
Common Stock	100,000
Paid in Capital	3,400,000
Retained Earnings	220,000
Total Equity	3,720,000
Total Liabilities and Equity	3,924,000