PLEASE HELP, THE ONE THE ACCOUNTNS NUMBER CAN BE CHANGED PLEADE USE THE FORMAT

For December 31, 20XX, the balance sheet of the Gardner Corporation is as follows: Sales for 20XY were $220,000, with cost of goods sold being 60 percent of sales. Amortization expense was 10 percent of plant and equipment (net) at the beginning of the year. Interest expense for the bonds payable was 8 percent, while interest on the notes payable was 10 percent. These are based on December 31,20XX, balances. Selling and administrative expenses were $22,000, and the tax rate averaged 18 percent. During 20XY, the cash balance and prepaid expense balance were unchanged. Accounts receivable and inventory each increased by 10 percent, and accounts payable increased by 25 percent. A new machine was purchased on December 31,20XY, at a cost of $35,000. A cash dividend of $12,800 was paid to common shareholders at the end of 20XY. Also, notes payable increased by $6,000 and bonds payable decreased by $10,000. The common stock account did not change. o. Prepare a balance sheet as of December 31,20XY. (Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity.) c. Prepare a statement of cash flows for the year ending December 31, 20XY. (Record the change in the notes payable under the operating activity of Cash flow. Do not leave any empty spaces; input a 0 wherever it is required. Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) Cash flow from operations Changes in non-cash working capi \begin{tabular}{|lr|} \hline (Click to select) & \\ \hline (Click to select) & \\ \hline (Click to select) & \\ \hline (Click to select) & \\ \hline \end{tabular} Cash, beginning of year Cash, end of year a. Prepare an income statement for 20X Y. (Input all answers as positive values.) For December 31, 20XX, the balance sheet of the Gardner Corporation is as follows: Sales for 20XY were $220,000, with cost of goods sold being 60 percent of sales. Amortization expense was 10 percent of plant and equipment (net) at the beginning of the year. Interest expense for the bonds payable was 8 percent, while interest on the notes payable was 10 percent. These are based on December 31,20XX, balances. Selling and administrative expenses were $22,000, and the tax rate averaged 18 percent. During 20XY, the cash balance and prepaid expense balance were unchanged. Accounts receivable and inventory each increased by 10 percent, and accounts payable increased by 25 percent. A new machine was purchased on December 31,20XY, at a cost of $35,000. A cash dividend of $12,800 was paid to common shareholders at the end of 20XY. Also, notes payable increased by $6,000 and bonds payable decreased by $10,000. The common stock account did not change. o. Prepare a balance sheet as of December 31,20XY. (Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity.) c. Prepare a statement of cash flows for the year ending December 31, 20XY. (Record the change in the notes payable under the operating activity of Cash flow. Do not leave any empty spaces; input a 0 wherever it is required. Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) Cash flow from operations Changes in non-cash working capi \begin{tabular}{|lr|} \hline (Click to select) & \\ \hline (Click to select) & \\ \hline (Click to select) & \\ \hline (Click to select) & \\ \hline \end{tabular} Cash, beginning of year Cash, end of year a. Prepare an income statement for 20X Y. (Input all answers as positive values.)