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Question 2: Prepare a balance sheet for ABC Corporation as of December 31, 2021, based on the following information: Initial Investment by the shareholders cash at bank Goods and services purchased but not yet made payment to the vendor patents and copyrights Advance payment made to vendors Investment in Govt Bond ((can be encashed at any time) Long term obligations Value of Land Products sold but payment from customers yet to receive Value of Equipment & furniture Inventory of finished goods and raw materials Taxes payable Portion of the profit reinvested into business Salary and other benefits due 500,000 110,000 30,000 50,000 5,000 150,000 120,000 200,000 50,000 60,000 75,000 8,000 30,000 4,000 A balance sheet is a financial document that tells how much a company is worth its book value. But to assess a company's operation performance, what other financial statement is required