For the adjustments needed for the income statement and balance sheet [sales, purchases, salaries, cash (ending), supplies expense, and retained earnings], how do you get the numbers for them?

Ive provided an answer key but need a step-by-step explanation how you arrive at the correct amounts (part 2).

Part II. 35 points preparing its financial statements. At the end of 2017 (the first year of operation), Alpha reported the following balances on its post-closing trial balance after Alpha keeps its accounting records on a cash basis during the year. At year-end, it converts its books to the accrual basis for converting to accrual basis Debit Credit 3,000 17,000 1,000 14,000 30,000 Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable (for inventory) Salaries payable Unearned sales revenue Income tax payable Common stock Retained earnings S 6,000 19,000 9,000 4,000 3,000 16,000 8,000 $65,000 $65,000 At the end of 2018, Alpha again converted its books from cash basis to accrual basis, and prepared a balance sheet and income statement on an accrual basis. The following information was available as of December 31, 2018: Cash receipts from customers $160,000 Other information: Alpha owed vendors (for inventory) For supplies To vendors (for inventory To employees To stockholders For other operating expenses (OE) For the 2017 taxes paid on March 15, 2018 (to satisfy the 2017 income tax liability-see 2017 trial balance) S 5,000 90,000 40,000 3,000 12,000 3,000 Alpha owed employees Physical count of inventory Physical count of supplies Ending unearned sales revenue Income tax rate for 2018 $14,000 12,000 6,000 10,000 3,000 2,000 20% Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the balance given for other operating expenses (OE) is the same for both cash and accrual. Alpha uses the periodic inventory system. Required: On the next page, prepare the income statement (use a MULTIPLE-STEP format) and balance sheet for 2018 on an accrual basis for Alpha. Failure to include a detailed and result in a loss of 10 points. complete cost of goods sold section in the income statement will the AJEs for income tax and depreciation that were required to be recorded at osh: Io,ooo C3000 Part II. Sales = $160,000+ 2,000-5,000-$157,000 Purchases $90,000 5,000-$85,000 Salaries Expense $40,000 3,000 $37,000 Cash (ending) S3,000+ 160,000 153,000-$10,000 Supplies Expense S5,000-2,000-$3,000 Retained Earnings $8,000 +8,000- 3,000-$13,000 Alpha, Inc. Income Statement For the year ended December 31, 2018 REMEMBER to include a detailed and complete formal section for cost of goods sold or you will lose points.] Sales $157,000 Beginning inventory Purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold $14,000 85,000 $99,000 10,000 89.000 Gross profit S 68,000 Operating expenses: Salaries expense Supplies expense Depreciation expense Other operating expenses Total operating expenses Income before income taxes Income tax expense Net income S37,000 3,000 6,000 S 10,000 2,000 s 8,000 Z-2 Alpha, Inc. Balance Sheet December 31, 2018 Cash Accounts receivable Supplies Inventory Equipment S10,000 12,000 3,000 10,000 $30,000 Less: Accumulated depreciation 12.000 18,000 S53,000 Total assets Accounts payable Salaries payable Unearned sales revenue Income tax payable Total liabilities $14,000 6,000 2,000 2.000 $24,000 Common stock Retained earnings $16,000 13,000 $29,000 Total stockholders' equity Total liabilities and stockholders' equity $53.000