11) From the account balances below, create a proper balance sheet and income statement with proper headings for ACME, Incorporated for the period ending 12-31-2010. This was the entity's first year of operations. All items are expressed in thousands of dollars. Classify your balance sheet. CL=Current Liability, LTL = long term liability. PP&E = long term asset. 100 100 20 28 20 20 116 30 Property, Plant & Equipment (PP&E) Sales Notes payable (CL) Accounts receivable Inventory Depreciation expense Mortgages owed (LTL) Cash Taxes payable Accumulated depreciation Rent expense Cost of goods sold Retained earnings Conferences attended expense Interest expense Auto expense Messenger service expense