Please put your income staten Prepare a basic income statement and balance sheet in good form. A+ Incorporated Trial Balance EYE 12/31/2019 Cash 50,000 Accounts Receivable 60,000 Inventory 100,000 Prepaid Insurance 10,000 Land 100,000 Building 250,000 Equipment 120,000 Accumulated Depreciation 100,000 Accounts Payable 80,000 Payroll Taxes Payable 20,000 Sales Tax Payable 10,000 Notes Payable-due in 6 years 120,000 Common Stock 100,000 Retained Earnings 130,000 Sales 650,000 Sales Discounts 20,000 Cost of Goods Sold 200,000 Salaries & Wages 100,000 Payroll Tax Expense 110,000 Advertising 70,000 Interest Expense 20,000 1,210,000 1.210,000 wa in Please put your balance sheet 5 6 7 8 k 10 Bonus questions 1. Give 1 example of a fixed asset, an intangible asset and a natural resource that was not listed on the exam. k 11 Bonus questions 1. Give 1 example of a fixed asset, an intangible asset and a natural resource that was not listed on the exam. 2. What is the major difference between the straight line method of depreciation and units of production 3. Name the 5 states that do not charge sales tax or at least first letters of each state. 4. What is interest? 5. What is the difference between the par value of a share of stock and the market price? 6. What was the last name of the brothers who started the Life is Good company? 7. What is the name of the stick figure that is on their apparel? D 1 8. Where did they first sell their T-shirts? atv A g 20 8. Where did they first sell their T-shirts? SU 9. What is the significance of the first 4 numbers in the trial balance total? 300 10. What did you like best and least about this class