All service agreements sold to customers in $2021$ completed in $2022.$ New service agreements sold for $$2460$ in cash during $2022-40$ percent of the services provided

during $2022$

Bond terms $-$ interest only for $6\mathrm{.}5\%$ paid annually on September $1.$ Firm agreement with a bank signed on December $15$ to refinance bond to a $5$ year note in $202$:

Note Payable $-4$ payments of $$3,300$ made March $30,$ June $30,$ Sept $30$ and December $31$ interest of $8\%$ per year $(2\%$ per quarter

Each note payment pays the interest since the last payment with any remaining amount going toward principle

Fair value of remaining AFS Debt Securities $$1,400$

Other Information

Tax rate is $21\%($unlike $2021$ income taxes have not been paid and need to be recorded!

Half year convention for depreciation

Required:

$1.$ Show journal entries or T accounts for results of $2022$ operations.

$2.$ Create an income statement including taxes and required EPS disclosures for $2022.$

$3.$ Create a statement of comprehensive income for $2022$

$4.$ Create a statement of changes in stockholders equity for $2022$

$5.$ Create a balance sheet for the end of $2022.$

$6.$ Create a cash flow statement for $2022$ using the indirect method.

$7.$ Show any necessary disclosures for $2021$ that would be needed if both $2021$ and $2022$ were to be reported