Prepare an income statement and balance sheet in proper format for XYZ Company during the month ended, February XX, 20XX. Cost of Goods Sold Depreciation Income Tax Interest Expense Miscellaneous Expenses Salaries Expenses Sales Sales Returns Supplies Expenses Utitlies Expenses Wages Expenses 405,000.00 P10,000.00 Accounts Payable Accounts Receivable Accumulated Depreciation, Building $5,000.00 P50,000.00 70,000.00 P25,000.00 35% $3,000.00 P15,000.00 P100,000.00 Dividends Payable P815,000.00 Income Tax Payable Interest Payable Land Loans Payable Merchandise Inventory Notes Payable Paid-In Capital Building Capital Stock Cash Prepaid Insurance Retained Earnings Wages Payable You may use MS excel spreadsheet for the solution of this task. 548,600.00 P514,000.00 110,000.00 500,000.00 330,000.00 P234,600.00 P100,000.00 46,200.00 P3,000.00 P200,000.00 P100,000.00 P251,300.00 P350,000.00 P20,000.00 P10,000.00 P77,100.00 P25,000.00 What is the NET INCOME of XYZ Company? NET INCOME = Php [Blank1] Note: Input values with no space in between, with comma separator and round off up to 2 decimal figures, e.g. 123,456.00 What is the ending total amount of the BALANCE SHEET of XYZ Company? Total Assets = Php Total Liabilities & Equity = Php Note: Input values with no space in between, with comma separator and round off up to 2 decimal figures, e.g. 123,456.00