help please due very soon ( very clear pics)

More info On January 1, 2021, Sweet issued its common stock for $510,000. Early in January, Sweet made the following cash payments: a. $220,000 for equipment b. $243,000 for inventory (nine cars at $27,000 each) c. $25,000 for 2021 rent on a store building In February, Sweet purchased three cars for inventory on account. Cost of this inventory was $117,000($39,000 each). Before year-end, the company paid off $58,500 of this debt. The company uses the first-in, first-out (FIFO) method to account for its inventory. During 2021. Sweet sold eleven autos for a total of $649,000. Before year-end, it had collected 90% of this amount. The business employs two people. The combined annual payroll is $151,000, of which Sweet owes $3,000 at year-end. At the end of the year, the company paid income taxes of $22,000. Late in 2021, Sweet declared and paid cash dividends of $10,000. For equipment, Sweet uses the straight-line depreciation method, over five years, with zero residual value. Requirements 1. Prepare Sweet's income statement for the year ended December 31, 2021. Use the single-step format, with all revenues listed together and all expenses together. 2. Prepare Sweet's balance sheet at December 31, 2021. 3. Prepare Sweet's statement of cash flows for the year ended December 31, 2021. Format cash flows from operating activities using the direct method. (1) (Clid, the icon to vew the transactons) Read the resciements Sweet Motors, Inc. Lncown Stavembent Yeat Ended December 31,2021 Thequiremant 2. Prepare Sweers balance theet a Decenber 31, 2s21. Dnewt Mitars, fier Year I moded tien uriek 71,7017 Pecelrement 2. Prepare 8weets baiance sheet st Decamber 31,2021. irement 2. Prepare 5 weets tilance theet at December 31,2521 . (1) (ck the loon to Viwi the trantacfors) Read the tequicicuents Requirement 2. Piepare Seetif batance sheet at Decenter 31, 2021 (1) (ck the loon to Viwi the trantacfors) Read the tequicicuents Requirement 2. Piepare Seetif batance sheet at Decenter 31, 2021 Read the enuikements Requitement 2. Prepare Sweers balance sheet at December 31, 2021 Sweet Motors, lecic Batance Sheet December 31, 2021 Total liablities and wochelders' equity Total stockholdars' 6 equily Read the teaulements nssecs Liaouites Current asses: Current lablisies: Propest, rlart and equicment Stockholders' equity Accounts receivable Accumulated dopreciation Cash Common stock Equprent Ieventory Retaned earrings Salay payable Read the iegueremests nssets Cuemt assets Curtent latuithes: Poccerty, platit, and equipment: Lest Accounts poyable Accounts teceivabie Hequitement 3. Paesare fiesefs cafement d cach faws tor the year Accumulaled depreciation rera belaties) Read the iegueremests nssets Cuemt assets Curtent latuithes: Poccerty, platit, and equipment: Lest Accounts poyable Accounts teceivabie Hequitement 3. Paesare fiesefs cafement d cach faws tor the year Accumulaled depreciation rera belaties) Read the enuikements Requitement 2. Prepare Sweers balance sheet at December 31, 2021 Sweet Motors, lecic Batance Sheet December 31, 2021 Total liablities and wochelders' equity Total stockholdars' 6 equily Read the cequicernents Assets Llaomtes Cunvit assets: Current liabinties Stockholders' equity Progerv, plant, and equlpment Read the iegueremests nssets Cuemt assets Curtent latuithes: Poccerty, platit, and equipment: Lest Accounts poyable Accounts teceivabie Hequitement 3. Paesare fiesefs cafement d cach faws tor the year Accumulaled depreciation rera belaties) Read the teaulements nssecs Liaouites Current asses: Current lablisies: Propest, rlart and equicment Stockholders' equity Accounts receivable Accumulated dopreciation Cash Common stock Equprent Ieventory Retaned earrings Salay payable Assets L.tabmines Currem ksseht: Cuerent labilies. Stockholders' equity Property, plant, and equipment Lew: tor the year ended Decamber 31. 2021 . Fomat cash fows from operating activities ining the direst method (the parentheses or Total ascets Totai currant assets Totyi cumerv liatelities Totivi thahibes ind siockholders' equity Totas stockindiders equily 16dedefarivith L.ithouttind Cuatint listallion: Stockholdars' equity Thequirement 3 Prepaie twest talement of cash fows for the yeat iera halaites) Tind a eh heymerte L.ithouttind Cuatint listallion: Stockholdars' equity Thequirement 3 Prepaie twest talement of cash fows for the yeat iera halaites) Tind a eh heymerte Disthe ienateiert Requirement 3. Prepare Sweets statement of cash llows for the year ended December 31, 2021. Format cash flows from operating activities using the diect method, (Use parenthoses zero bulances.) Sweet Motors, Inc. Statersent of Cash Flows (Direct Method) Year Ended Docember 31, 2021 Cash flom from operating activities: Collections from customers Depreciation For income tax increase in accounts peyable Increase it accounts recoivable Increase in ifiventocy inciease in saincy payable Issuance of comenon stock Payment of dividend Puchiss of equigment To nimplayues To sobshient zero balances.) Sweet Motors, Inc. Statement of Cash Flows (Direct Method) Year Ended December 31, 2021 Cash flows from operating activities: Cash paymants: Total cash paymenta Net cash provided by (used tor) operating actlvilles Cash thows from investing activities: Net cash provided ty (used for) investing acthiles Cash batance, December 31,2020 Cash balance, December 31, 2021 Sweet Motors, Inc. Statement of Cash Flows (Direct Method) Year Ended December 31, 2021 Cash flows from operating activities: Cash payments: Total cadh payments Net cash provided ty (used for) operating actlvities Cash flows from hivesting activities: Not cash provided by (used for) livesting activitios Cashi flows from thancing activitios: Cash balance, Docember 31, 2020 Cash balance, December 31, 2021 L.ithouttind Cuatint listallion: Stockholdars' equity Thequirement 3 Prepaie twest talement of cash fows for the yeat iera halaites) Tind a eh heymerte