Cash $$12,800$

Accounts Receivable $30,000$

Prepaid Rent $1,000$

Inventory $39,800$

Machinery & Equipment $100,000$

Accumulated Depreciation $$12,000$

Accounts Payable $49,000$

Accrued Expenses $450$

Unearned Income $10,500$

Long$-$term Notes Payable $99,500$

Common Stock $10,000$

Dividends Paid $1,000$

Revenues $57,500$

Cost of Goods Sold $30,200$

Depreciation Expense $12,000$

Selling Expense $5,000$

Administration Expense $5,500$

Office Salaries Expense $400$

Other Expense $750$

Interest Expense $500$

Totals $$238,950$ $$238,950$ The following items have not been recorded in the above financial numbers:

$1.$ Allowance for Doubtful Accounts has been calculated at $$1,000.$

$2.$ Income Taxes Payable of $$5,000$ has not been recorded.

$3.$ Conrad purchased a new copier costing $$5,000$ at the end of June and placed it into service immediately. It was paid in full in cash.

The expected life of the copier is $5$ years and the company uses straight line depreciation. It will have zero salvage value.

$4.$ The company issued a bond payable at the end of the year for $$9,000$; it is due in $2033.$

$5.$ The company incurred an uninsured flood loss in the amount of $$15,000$ for one of their machines. The flood damaged one of their machines

completely which will now need to be scrapped. The cost of the machine was $$20,000$ and its current book value was $$15,000.$ The following items are included in the above financial numbers:

$6.$ Year$-$end repairs made to a machine for $$2,000$ were applied to Machinery & Equipment.

$7.$ Restricted cash for investments totaling $$5,000$ is included in the cash balance.

$8.$ Commissions on Sales for $$1,000$ were charged to COGS.

$9.$ Dividends of $$1,000$ were paid.

$10.$ The long$-$term notes payable of $$99,500$ is fully due at the end of $2025.$

After making the proper adjusting entries; prepare, in good format, an Income Statement, Balance Sheet, and Cash Flow Statement for the

year ended December $31,2023.$