Please create a common size INCOME statement with the information.

XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased from $16,566 in 2016 to just $33,411 in 2017, well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to better understand how these individual account changes impact overall cash flows. 2017 and Needed to foot the Cash Flow Statement all the way 2016 Comparative back to 2017 cash position. ASSETS Net Income 2017 2016 $3,155,848 Items 1 to 6. Note the value Depreciation 212,366 Dividends Paid effect on Cash. Did the change in 2,966,412 balances from one year to the Tax 225,700 next create (+) or 'use' (-) cash? Note the accounting or finance issue related to each of the six Cash SS 33,411 S $ 16,566 areounts review Accounts Receivable S 260,205 378,768 S Inventory S 123,819 5 352,740 71,079 Other current issets Total Current Assets S S 41.251 758,686 $ $ 29.912 717.986 (11.319 (40.2003 Plant Property and Equipment 1.512.675 11.403.220 109.455 Goodwill and other assets Total Assets LIABILITIES AND EQUITY 382.145 2.652.50K $ $ 412.565 24530771 30620 (119.73511 Accounts Payable s 378.216 3 332.004 16,232 Wars Payable Accrued income taxes Total Current Liabilities s SS 413,848 7.862 $ 685 S S356.681 6,625 430 57162 Lone-Term Debe: Bank Notes 679 281 S 793,575 (113,534) S Total Liabilities Total Common Equity Total Liabilities and Equity 1,093,829 1.559,677 2.651,506 $ 1,150,196 $ 1,383.575 $ 2.500.77 (56.167) 176,102 119.725 S