Complete Income Statement, balance sheet, and statement of stockholders' equity.

Ace is a local company sales computers to schools, municipalities and also provides IT services. During the year, accounting events are the following: - On Jan. 2, Ace paid three year rent in advance with a total amount of $205,920 - On Jan. 14, Ace paid out salary owed to employees for the prior year in the amount of $60,000 - On Jan. 25, stockholders invested additional $96,000 cash into the company - On Feb. 14, Ace purchased office equipment costing $96,000 by signing a 6-month, 10% notes payable - On Feb. 28, Ace performed IT service of $28,800 for a client which was contracted during the prior year - On March 15, Ace sold computers and software in the amount of $172,800 on account for $432,000 - On Apr. 1, Ace collected cash for inventory previously sold for $496,800 - On May 3, Ace purchased Inventory in the amount of $960,000 on account - On May 31, Ace received cash in advance for the maintenance service contract in the amount of $1,728,000, out of which $1,296,000 was performed this year - On June 4, Ace sold computers and software in the amount of $816,000 on account for $1,958,400 - On july 1, Ace partially paid-off inventory purchased on May 3 in the amount of $912,000 - On Aug. 14. Ace paid off the notes payable of $96,000 borrowed on Feb. 14 plus interest - On Sept. 1, Ace sold an equipment with original cost of $132,000 and accumulated depreciation of $57,600 for $93,000 - On Oct. 1, Ace renewed the yearly insurance policy for $63,360 which expired on Sept. 30 - On Nov. 1, Ace collected cash for inventory previously sold for $1,762,560 - On Nov. 15, Ace decided that the bad debt expense for the entire year is $84,000, and wrote off $67,200 from account receivable Over the entire year, - Salary and wage expense are $720,000, of which $662,400 was paid - Depreciation expense is $14,875 - Additional interest expense is $2,000, of which $1,800 was paid - Supply expense is $42,240 - Income tax expense is $864,000, of which $734,400 was paid - Ace declared and paid cash dividend in the amount of $54,960