Question: Create an Income Statement, Balance Sheet Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and

Create an Income Statement, Balance Sheet Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 5129 Cost of Good Sold 1,600 2,308 Depreciation 500 524 Inventory 300 347 SG&A 500 518 Interest Expenses 150 169 Common Stock and 2,200 2,200 Paid-in Capital Federal and State 400 Taxes (35% of EBT) Accounts Payable 300 310 Accounts Receivable 400 449 Net Fixed Assets 5,000 5310 Retained Earnings 1,000 (Balance Sheet) Long-Term Debt 2,000 2636 Notes Payable 1,000 739 Dividends Paid 410 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets

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