$***$B$2,$ B$3,$ and C Need to be answered, please place answer in its corresponding tables, thank you$***$ On January $1,$ Year $1,$ Jana started a small flower merchandising business that she named Jana$$s Flowers. The company experienced the following events during the first year of operation:

Started the business by issuing common stock for $$10,000$ cash.

Paid $$7,000$ cash to purchase inventory.

Sold merchandise that cost $$4,000$ for $$9,000$ on account.

Collected $$8,000$ cash from accounts receivable.

Paid $$2,000$ for operating expenses.

Required:

a$.$ Organize ledger accounts under an accounting equation and record the events in the accounts. In the last column of the table, provide appropriate account titles for the Retained Earnings amounts.

b$-1.$ Prepare an income statement.

b$-2.$ Prepare a balance sheet.

b$-3.$ Prepare a statement of cash flows.

c$.$ Since Jana sold inventory for $$9,000,$ she will be able to recover more than half of the $$10,000$ she invested in the stock. Do you agree with this statement?