Exercise 1.1 During week three (May 21May 27, 2018), LSC again went to the farmers' market to sell snow cones. Here is the rundown of how it went: - Prior to arriving at the farmers' market, Liam purchased $80 of inventory (cups, straws, syrup, and ice). ' Liam used another punch on the LSC four-week pass to cover the participation fee for this week. - LSC sold $265 in snow cones, all for cash. - LSC used $50 of inventory for these sales. - The dad paid Liam the $10.00 he owed him for the snow cones from last week. . Liam paid the vendor the $5.00 he owed him for the straws from last week - Liam also set up at his sister's soccer game and sold $80 in snow cones, all for cash, using $16.00 in inventory. Prepare the LSC income statement and cash ow statement for the week ending May 27, 2018, and balance sheet as of May 27, 2018. Feel free to handwrite the statements and scan them in, type them up in word, or use a spreadsheet, whatever will be easiest for you