Question: Use the Capital, Operating & Maintenance, and Revenue Data below to prepare (a) Annual Income Statement and (b) Balance Sheet Statement. Item Description Old Infrastructure

Use the "Capital, Operating & Maintenance, and Revenue Data" below to prepare (a) Annual Income Statement and (b) Balance Sheet Statement. Item Description Old Infrastructure Value Newly built infrastructure Outstanding loan on old infrastructure Outstanding loan on new infrastructure Interest on old loan $440,000,000 $11,000,000 $200,000,000 $10,000,000 4% Interest on new loan 5% Common stocks $207,000,000 Operating and Maintenance cost $25,000,000 Revenues from fees and taxes $80,000,000 Grants received $6,000,000 Energy cost $6,500,000 Use the "Capital, Operating & Maintenance, and Revenue Data" below to prepare

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