ASAP pls

DI LUUJ LULL Balance Sheet Assets Income Statement Revenue Expense Year/ Trans Cash How Liabilities Stockholders Equity Retained Notes Payable Common Stock Earnings Cash Inventory Accumulated Depreciation Equipment 1-1 FA 34,000 1-2 13 1-4 1-5 1-5 1-5 Closing Total 0 0 34,000 0 0 0 0 0 0 0 Year 2 34,000 0 0 O 0 O 0 0 0 2-1 (2.2 2-2 2-2 2-3 2-3 2-3 2-4 Closing Total 0 0 0 0 0 0 0 34,000 0 1-1 Start Up Funding Sign Note for $34,000 @ 8% Issue Stock for $38,000 1-2 Purchase Equipment @1/1 Purchase displays and tools for $18,000 cash; SL Depreciation 5 yr. useful life, $0 salvage value 1-3 Purchase Inventory for $20,000 cash 1-4 Service & Sales Revenue Service Revenue $21,000 Sales Rev $24,000; COGS $12,000 1-5 Expenses Total Operating Exp. $24,000 Depreciation Exp. = equip.cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 2-1 Purchase Inventory for $16,000 cash 2-2 Service & Sales Revenue Service Revenue $23,100 Sales Rev $26,400; COGS $13,200 2-3 Expenses Total Operating Exp. $25,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 2-4 Dividend Payment Common Stock x 5% 3-1 Purchase Inventory for $20,000 cash 3-2 Sales & Service Revenue Service Revenue $27,700 Sales Rev $31,600; COGS $15,800 3-3 Debt Repayment @ 1/1/yr3 1/4 of Original Note 3-4 Expenses Total Operating Exp. $30,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 3-5 Dividend Payment Common Stock x 10%