Check my wor The following transactions pertain to year 1, the first-year operations of Campbell Company, All inventory was started and completed during year 1. Assume that all transactions are cash transactions 1. Acquired $4.400 cash by issuing common stock. 2. Paid $700 for materials used to produce inventory 3. Pald $1.840 to production workers 4. Paid $724 rental fee for production equipment 5. Paid $100 to administrative employees. 6. Pald $115 rental fee for administrative office equipment 7. Produced 320 units of inventory of which 240 units were sold at a price of $13 each 21:50 K Required Prepare an income statement and a balance sheet in accordance with GAAP. Ces