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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