Can anyone show me how to answer these questions and show me the work. THis is all one question

The following transactions pertain to 2018, the first-year operations of Gibson Company. All inventory was started and completed during 2018. Assume that all transactions are cash transactions . Acquired $12,000 cash by issuing common stock 2. Paid $4,700 for materials used to produce inventory. 3. Paid $2,400 to production workers 4. Paid $900 rental fee for production equipment. 5. Paid $350 to administrative employees. 6. Paid $400 rental fee for administrative office equipment. 7. Produced 400 units of inventory of which 360 units were sold at a price of $25 each Required Prepare an income statement and a balance sheet in accordance with GAAP. The following transactions pertain to 2018, the first-year operations of Gibson Company. All inventory was started and completed during 2018. Assume that all transactions are cash transactions . Acquired $12,000 cash by issuing common stock 2. Paid $4,700 for materials used to produce inventory. 3. Paid $2,400 to production workers 4. Paid $900 rental fee for production equipment. 5. Paid $350 to administrative employees. 6. Paid $400 rental fee for administrative office equipment. 7. Produced 400 units of inventory of which 360 units were sold at a price of $25 each Required Prepare an income statement and a balance sheet in accordance with GAAP