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QUESTION 2 Use the information below to answer the following questions about the Watermelon Corporation. The Watermelon Corporation Income Statement Accounts for the year ending December 31, 2017 Account Cost of goods sold Interest expense Taxes Revenue Selling, general, and administrative expenses Depreciation Balance $345.000 $79,000 $57,100 $836,000 $93,000 $126.000 a. Refer to the Watermelon Corporation Income Statement Accounts. Calculate the net income for the Watermelon Corporation for 2017, b. Refer to the Watermelon Corporation Income Statement Accounts. Calculate the operating cash flow for the Watermelon Corporation for 2017 C. Refer to the Watermelon Corporation Income Statement Accounts. Calculate the EBIT for the Watermelon Corporation for 2017. QUESTION 3: Use the information below for the ABC Auto Corporation (ABC) to answer the following questions. Balance Sheet Accounts of ABC Auto Corporation (ABC) Corporation Account Balance 12/31/2017 Accumulated depreciation $7,650 Accounts payable $6,875 Accounts receivable $8,000 Cash $3,750 Common stock $15,625 Inventory $11,250 Long-Term debt $17.750 Plant, property, and equipment $37,000 Retained earnings $12,100 a. Refer to the Balance Sheet Accounts of ABC Corporation. The calculate the total assets for the year-end. b. Refer to the Balance Sheet Accounts of ABC Corporation. Calculate the value of net working capital at the year-end. C. Refer to the Balance Sheet Accounts of ABC Corporation. Calculate the value of current assets for the year-end. d. Refer to the Balance Sheet Accounts of ABC Corporation. Calculate the value of equity for the year-end

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