Corporation example in Chapter 3 for guidance. In the absence of other guidance, assume the circumstances for your project are like the example shown. 1) Incomestatement 2) Statement of shareholders' equity 3) Balance sheet 4) Statement of cash flows. In place of completing a full statement of cash flows, review the Statement of Cash Flows within Example 3.9 in the text and advise an error (or at least a questionable treatment) of an item presented by the authors that you have discovered. Hint-look for a transaction that is partly based on a non-cash item. Create the financial statements using Excel and submit for grading via the assignment in Blackboard. Add your answer to item 4) within the same Excel workbook clearly identified as the response to item 4). Grading will be based on accuracy and completeness with more weight given to completeness. Also, please consider the following. This is background information and should not be interpreted as changing any amounts shown on the adjusted trial balance. Note 1) This is a new corporation. 2019 is its first year of operations. Note 2) On 1/1 various shareholders invest by purchasing 2.000 shares of no-par stock at $10 per share Note 3) On 3/30, Jackie purchases a building and equipment for $15,320 and $2,120 respectively. Jackie pays $10,840 and signs a 12% note (interest and principal to be paid after 2 years) for the $6,600 balance. Note 4) 9/1 Jackie sells 1 acre of land (original cost $1,500 ) and receives a $1,320,6-month, 15% note from buyer. Extra credit: 20 extra credit points available for a Statement of cash flows. Please alert me within your submission that you have submitted for extra credit. Hint - you have been provided ending cash per adjusted trial balance