1. Chevron Corporation issues common stock worth $120,000,000.
2. Chevron Corporation purchases raw materials on credit for $25,000,000.
3. Chevron Corporation sells oil products for $180,000,000 in cash.
4. Chevron Corporation pays $30,000,000 for exploration expenses.
5. Chevron Corporation pays $25,000,000 in wages.
6. Chevron Corporation receives $12,000,000 in cash for consulting services.
7. Chevron Corporation buys drilling equipment for $50,000,000 cash.
8. Chevron Corporation incurs $10,000,000 in transportation expenses.
9. Chevron Corporation declares and pays dividends of $15,000,000.
10. Chevron Corporation records $8,000,000 in depreciation expense.

1. Record those transactions in a journal.
2. Prepare a trial balance.
3. Prepare an income statement for the year ended.
4. Prepare a balance sheet for the year ended.