A company has the following financial position:

Assets:

Cash: $$15,000$ Van: $$20,000$ Total Assets: $$35,000$

Liabilities and Owners Equity:

Long$-$term note payable: $$15,000$ J$.$ Owner Capital: $$20,000$ Total L&OE: $$35,000$

Additional info:

a$)$ invoices to customers totaled $$20,000$

b$)$ bought a $3$ year insurance policy on February $1$ for $$2,160$

c$)$ Paid cash to buy supplies costing $$300$ and used $2/3$ of them

d$)$ bought items to sell to people. Haven't paid for them yet. Items cost $$15,000$

e$)$ sold items that cost us $$12,000$ to customers

f$)$ paid for $75\%$ of the items we bought to sell to customers

g$)$ costs incurred this year:

depreciation on the van: $$1,100$

utility bills paid: $$1,200$

property tax bill was $$900$

paid the lawyer $$100$

h$)$ John $($the owner$)$ took $$100$ from the cash register to buy his son a winter coat

i$)$ paid $6\%$ interest and $$500$ principal on the note

j$)$ got $85\%$ of the money that customers owed us

k$)$ hired a part$-$time worker and paid him $$2,700$ this year

l$)$ beginning to think every time we sell something there is a $1\%$ chance that the customer will never pay us

m$)$ We had to count the items we haven't sold four times before it made any sense

Notes about the company:

Sole proprietorship

uses only full blown GAAP

first full year of operations

Requirements:

prepare an income statement, a statement of changes in owner's equity, a classified, comparitive statemnt of financial position, and a statement of cashflows using the indirect method