Here are the account balances for Nu Tech Ltd. as of December 31, 2034:

• Sales Revenue: $300,000
• Cost of Goods Sold: $150,000
• Salaries Expense: $60,000
• Rent Expense: $20,000
• Utilities Expense: $8,000
• Depreciation Expense: $12,000
• Accounts Receivable: $25,000
• Accounts Payable: $12,000
• Cash: $35,000
• Equipment: $80,000
• Notes Payable: $40,000
• Common Stock: $45,000

Required:

1. Create a Trial Balance as of December 31, 2034.
2. Draft an Income Statement for the year ended December 31, 2034.
3. Prepare a Statement of Retained Earnings for the year ended December 31, 2034.
4. Draft a Balance Sheet as of December 31, 2034.
5. Prepare a Statement of Cash Flows for the year ended December 31, 2034.