1. AT&T Inc. issues common stock worth $80,000,000.
2. AT&T Inc. purchases network equipment on credit for $12,000,000.
3. AT&T Inc. sells telecommunications services for $45,000,000 in cash.
4. AT&T Inc. pays $7,000,000 for network maintenance expenses.
5. AT&T Inc. pays $5,000,000 in wages.
6. AT&T Inc. receives $4,000,000 in cash for services rendered.
7. AT&T Inc. buys office equipment for $8,000,000 cash.
8. AT&T Inc. incurs $3,000,000 in marketing expenses.
9. AT&T Inc. declares and pays dividends of $6,000,000.
10. AT&T Inc. records $3,000,000 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.