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1. Prepare the company's Balance sheet and Income Statement during 2019 and 2020. (3 marks) Information for the year 2020 Marketable Securities 10,000.00 Accounts Receivable 50,000.00 Inventory 10,000.00 Number of shares outstanding 100,000.00 Other current assets 40,000.00 Propert, Plant and equipment 381,000.00 Machinery 60,000.00 Furniture 70,000.00 Vehicles 120,000.00 Paid in capital in excess of par value 420,000.00 Par value of stock 1.00 Notes payable 30,000.00 Accounts payable 5,000.00 Long term loan 60,000.00 Short term loan 13,500.00 Dividends 16,000.00 Cash 300,000.00 Accumulated depreciation 25,000.00 Sales 900,000.00 Depreciation expense 5,000.00 Selling expense 20,000.00 Cost of goods sold 600,000.00 Research and development expense 30,000.00 General and administrative expense 40,000.00 Interest expense 10,000.00 Tax rate 35% Utilities expense 45,000.00 Beginning balance of retained earnings