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Fin $3030$

Assignment $1$

Prof. Yi

$(1)$ Prepare the income statements and balance sheets for years $2022$ and $2023$ for Smithsonian Company using the following information. The balance sheet numbers are at the end of year figures.

$\backslash$table$[[$Item$,2022,2023],[$Accounts Payable,$150\mathrm{.}0,180\mathrm{.}0],[$Accounts Receivable,$180\mathrm{.}0,200\mathrm{.}0,$