1. Alphabet Inc. issues common stock worth $40,000,000.
2. Alphabet Inc. purchases software on credit for $5,500,000.
3. Alphabet Inc. sells advertising services for $20,000,000 in cash.
4. Alphabet Inc. pays $3,500,000 for research and development.
5. Alphabet Inc. pays $2,700,000 in wages.
6. Alphabet Inc. receives $1,500,000 in cash for services rendered.
7. Alphabet Inc. buys office equipment for $2,200,000 cash.
8. Alphabet Inc. incurs $900,000 in utilities expenses.
9. Alphabet Inc. declares and pays dividends of $2,000,000.
10. Alphabet Inc. records $1,000,000 in depreciation expense.

1. Record those transactions in a journal.
2. Prepare a trial balance.
3. Prepare an income statement for the year ended.
4. Prepare a balance sheet for the year ended.