Faello Inc. experienced the following events for the first two years of its operations:

2014:

1.

Provided $100,000 of services on account.

2.

Provided $33,000 of services and received cash.

3.

Collected $67,000 cash from accounts receivable.

4.

Paid $16,000 of salaries expense for the year.

5.

Adjusted the accounting records to reflect uncollectible accounts expense for the year. Faello estimates that 7 percent of the ending accounts receivable balance will be uncollectible.

2015:

1.	Wrote off an uncollectible account of $680.
2.	Provided $120,000 of services on account.
3.	Provided $25,000 of services and collected cash.
4.	Collected $102,000 cash from accounts receivable.
5.	Paid $22,000 of salaries expense for the year.
6.	Adjusted the accounts to reflect uncollectible accounts expense for the year. Faello estimates that 7 percent of the ending accounts receivable balance will be uncollectible.

b1. Prepare the income statement for 2014.

b2- Prepare the statement of changes in stockholders' equity for 2014

Prepare the balance sheet for 2014

Prepare the statement of cash flows for 2014. (Amounts to be deducted should be indicated with a minus sign.)