(Answered) Build the income statement and balance sheet for cando inc

Finance

Build the Income Statement and Balance Sheet for CanDo Inc. based on the information given below:

Accounts payable	$141,000
Accounts receivable	$103,000
Cash and cash equivalents	$154,000
CoGS	$224,700
Common Stock	$1,286,000
Depreciation	$37,000
Dividend payout ratio	40%
Interest paid	$43,000
Inventory	$129,000
Long-term debt	$1,254,000
Net Fixed Assets	$2,530,000
Sales	$330,000
Short-term debt	$132,000
Tax rate	35%
Number of shares	1,000,000
Price per share	$0.50

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