All financial statements

The land was acquired on March 31, 20X2 for cash. The additional common was sold on March 31,202 for $1 per share. The company did not sell any equipment during the year. All equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $30,000 principal plus interest at 10% on June 30th of each year