Question: Please answer in proper format The Arralcis Inc. incorporated in 2019. The following information is available for 2020 {at the bottom the information is in

Please answer in proper format

Please answer in proper format The Arralcis Inc.
The Arralcis Inc. incorporated in 2019. The following information is available for 2020 {at the bottom the information is in an Excel file]. For 2020, write and complete the Income Statement, Statement of cash Flows and the Balance Sheet. Sales $1,000,000 50 Cost Of Goods Sold St: of sales ?0% Selling Gross and Administration S100,000 S0 to Cl O Current Taxes {Paid} 340,000 S0 Property, Plant 3:. Equipment [PPE] $250,000 S0 Depreciation {St} New Common Stock Issued IS] $200,000 $50,000 Number of Shares Issued 20,000 10,000 Debt Issued $100,000 S0 Interest rate on debt S0 $40,000 $0 $10,000 Receivable S150,000 2' mlrentoryr $200,000 Payables $200,000 i I- i I I Dividend rate 4oooo please answer in either word or excell format

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