QUESTION ONE $(20$ Marks$)$A$.$ The following are the Financial Statements for Bacon Signs for the yearEnded October $2023$Income Statement for the ear Ended $30-$ October$202$kNet Saies $($All on Credit$)$COGSDepreciationEBITInterestTaxes $(35\%)$Net IncorneK$7,418$K$5,271$K$745$K$1,402$K$305$K$1,097$K$384$K$713$Dividends PaidAddition to Retained EarningsK$250$K$463$Balance Sheet as at $30$th October $2023$Assets$2023$CashA$/$RInventoryTotal Current AssetsTotal Fixed AssetsTotal AssetsLiabilities & EquityLiabilitiesAccounts PayablesNotes PayablesTotal Current LiabilitiesLong Term DebtEQUITYCommon Stock$2022$K$972$K$1,680$K$875$K$3,527$K$12,680$K$16,207$K$500$K$2,670$K$738$K$3,908$K$14,155$K$18,063$K$725$K$1,765$K$1,525$K$1,178$k$2,250$k$2,943$K$5,000$K$5,500$K$4,000$K$4,200$