1. ABC Corporation was incorporated on January 1, 2000 with $10,000 of cash contributed for 100 shares of common stock at $100 per share. 2. During the year, total sales amounted to $106,000 and total purchases $36,000. 4. The ending balances as of December 31,2000 are as follows: Please prepare in a professional manner and in good form the following as of and for the year ended December 31, 2000: a. Journal entries b. Closing entries c. Summary of general ledgers (T accounts) d. Trial balance (optional) e. Financial statements (balance sheet and statement of income)