All green numbers are correct. Income statement values are correct. The only value I need help finding is "cash" on the Balance Sheet. I know the answer is not $4,100 and it is not $4,237.

Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare an income statement in accordance with GAAP. (Do not round your intermediate calculations.) BENSON COMPANY Income Statement for Year 1 Sales revenue $ Cost of goods sold Gross margin $ Administrative expense [ 2,080 1,744 336 199 Net income 1$ 137 The following transactions pertain to year 1, the first-year operations of Benson Company. All inventory was started and completed during year 1. Assume that all transactions are cash transactions. 1. Acquired $4,100 cash by issuing common stock. 2. Paid $700 for materials used to produce inventory. 3. Paid $1,840 to production workers. 4. Paid $839 rental fee for production equipment. 5. Paid $90 to administrative employees. 6. Paid $109 rental fee for administrative office equipment. 7. Produced 310 units of inventory of which 160 units were sold at a price of $13 each. Required Prepare an income statement and a balance sheet in accordance with GAAP. Answer is complete but not entirely correct. Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare a balance sheet in accordance with GAAP. (Do not round your intermediate calculations.) BENSON COMPANY Balance Sheet as of 12/31/Year 1 Assets Cash $ 4,237 X $ $ 1,635 5,872 Finished goods inventory Total assets Equity Common stock Retained earnings $ 4,100 137 Total equity 4,237