Can u do 7 and 8, pls

The Grilton Tire Company manufactures racing tires for bicycles. Grilton sells tires for $50 each. Grilton is planning for next year by developing a master budget by quarters. Grilton's balance sheet for December 31, 2016 follows: GRILTON TIRE COMPANY Balance Sheet December 31, 2016 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets $ 39,000 40,000 2,400 8.700 $ 90,100 Property, Plant and Equipment: Equipment Less: Accumulated Depreciation 177,000 (42,000) 135,000 $225,100 Total Assets Current Liabilities: Accounts Payable $ 8,000 Stockholder's Equity Common Stock, no par Retained Earnings $ 130,000 87.100 Total Stockholder's Equity Total Liabilities and Stockholder's Equity 217.100 5225.100