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Using the information provided, peepare an Income Statement, Statomont of Rotoined Earings, and Batanco Shoot for Bango, Inc for the year ending December 31. 2018 Each account is only used once per financial statornont All accounts are used **Hints Total Assots = 305,000 Accumulated Depreciation 10,000 Sales Revenue 400,000 Notes Payable 50.000 Sales Discounts 10.000 Cash 200.000 Cost of Goods Sold 290,000 Machine 45,000 Salaries Expono 10.000 Common Stock 120,000 Rent Expenso 12000 Accounts Payablo 20,000 Advertising Exponso 5,000 Accounts Receivable 30,000 Sales Payablo 12,000 Merchandise Inventory 15,000 Supplies Expenso 1.000 Truck 25 000 Insurance Expense 4.000 Beginning Rotoined Earnings 75,000 Sales Revenue Notes Payable Sales Discounts Cash Cost of Goods Sold Machine Salaries Expense Common Stock Rent Expense Accounts Payable Advertising Expense Accounts Receivable Salaries Payable Merchandise Inventory Supplies Expense Truck Insurance Expense Beginning Retained Earnings Interest Expense Dividends 400,000 50,000 10,000 200,000 290,000 45,000 40,000 120,000 12,000 20,000 5,000 30,000 12,000 15,000 1,000 25,000 4.000 75,000 2,000 8,000 The only two administrative expenses are Supplies and Insurance. The rest of the expenses are selling expenses

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