QUESTION 3 Use the following IS and balance sheets for ABC to calculate the annual net cash build or burn rate for the year 2006. Income Statement Ending DeC. 31st $1,800,000 1,080,000 720,000 180,000 500,000 80,000 3,000,000 1,800,000 1,200,000 300,000 500,000 0,000 320,000 120,000 200,000 50.000 150,000 Net Sales COGS Grees Prott Marketing Expenses General Administrative (GSAJExpenses 90,000 130,000 Net Income 130,000 Dwidends 70,000 Change in Retained Earnings 80,000 Balance Sheet Endina Dec. 31st s Chiok Save and Submit to save and submit. Cliek Save All Ansvers to save alil anvers Save A 3 4 5 6 7