Current Balance sheet:

Assets Liabilities

Cash $10,000$$ Accounts Payable $1,000$$

Accounts Receivables $1,000$

Owner's Equity

Capital Stock $$10,000$

Total Assets: $11,000$$ Total Liabilities & Owner's Equity: $11,000$

New information:

Balance sheet date $12/31/2021$

$1)$ Get a $$50,000$ loan from potential creditor B with $$50,000$ due in $4$ years and $$2,000$ in interest payments due each year until the loan is fully paid

$2)$ Tomorrow, Wahoo! will be signing contracts with customers totaling $$47,000$ that are set to earn the company revenues of $$35,000$ in fiscal year $2021.$ On those revenues, the company is expected to earn $$12,000$ in net income and $$13,000$ in operating cash flows.

Make adjusted balance sheet