Sheet Learning Objective 5- Part A: Income Statement and Balance Sheet From the data below prepare first an Income Statement for Snow Excursions for the year ended December 31, 2017. Next, prepare a Balance Sheet for Snow Excursions, Inc. as of December 31, 2017 Balances 12/31/2017 $2,000 32,000 1,500 82,000 18,000 40,000 3.500 5,000 4,000 10,000 26,200 12.000 10,000 2.000 3,000 8,000 60,000 25,000 1,000 15,000 1,000 800 Description Common Stock Snow Equipment Salaries Payable Excursions Fee Revenue Merchandise Inventory Salaries expense Accounts Payable Dividends Utilities expense Ski Lift Ticket Sales Revenue Cash Accounts Receivable Paid-in-capital in excess of par value Depreciation Expense Accum Depreciation- Snow Equip Retained Earnings, January 1, 2017 Ski Lodge Apparel Sales Cost of Goods Sold Supplies Expense Office Equipment Accum Depreciation- Office Equip Office Supplies