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INSTRUCTIONS BDE Corporation operates on a calendar year and had the following balances on February 1, 2020: Balance Account Title Account Accounts Payable Accounts Receivable $5,600 $8,500 The corporation had the following transactions after February 1, 2020: Cash $49,700 $62,500 Common Stock February 2, 2020, Bailey Ranch, a creditor, paid $1,934 on their credit account $4,900 $4,100 $10,100 June 21, 2020, BDE sold $1,200 of widgets on credit to Duck Ranch $600 Computer Equipment Notes Payable Office Equipment Rent Expense Revenue Selling Expenses Telephone Expenses Travel Expenses Utility Expenses August 17, 2020, BDE purchased $1,200 office equipment on account from Top Notch Supplier $14,190 $10,600 $190 $1,100 September 9, 2020, BDE purchased $5,203 in computer equipment with cash from Office Warehouse $700 December 1, 2020, BDE paid off their account with Top Notch Supplier for $1,200 Journalize the transactions and prepare an income statement, balance sheet, and the statement of shareholders' equity and retained earnings. Note the ending retained earnings for BDE Corporation was $156,000 in 2019. Create a presentation on the analysis of the accounting cycle process and the financial statements, and be prepared to present