Create an example balance sheet. This balance sheet must be your ORIGINAL work. You may...

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Accounting

Create an example balance sheet. This balance sheet must be your ORIGINAL work. You may not use a balance sheet from your textbook or any other source. The balance sheet you create will be for the fictional company for which this training manual is being created. Balance sheet should create from previous project Income statement. which is as follows: Please make balance sheet use undermentioned income statements.
Income Statement (For the Year Ending December 31,2022)
Revenue Amount ($)
Sales 1,200,000
Other Income 30,000
Total revenue 1,230,000
Expenses
Cost of Goods Sold 600,000
Operating Expenses 350,000
Marketing 80,000
Depreciation 40,000
Total Expenses 1,070,000
Net Income 160,000--=--How should a balance sheet be analyzed? In other words, what information does it give us about the companys financial situation? Use the example balance sheet you created to explain how this should be done.

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