How do I create an Income Statement for Year 1 and Year 2?

Events Affecting the Year 1 Accounting Period Acquired $20,000 cash from the issue of common stock. Purchased $800 of supplies on account. Purchased land that cost $14,000 cash. Paid $800 cash to settle accounts payable created in Event 2. Recognized revenue on account of $10,500. Paid $3,800 cash for other operating expenses. Collected $7,000 cash from accounts receivable. Information for Year 1 Adjusting Entries Recognized accrued salaries of $3,600 on December 31, Year 1. Had $100 of supplies on hand at the end of the accounting period.

Events Affecting the Year 2 Accounting Period Acquired $15,000 cash from the issue of common stock. Paid $3,600 cash to settle the salaries payable obligation. Paid $9,000 cash in advance to lease office space. Sold the land that cost $14,000 for $14,000 cash. Received $6,000 cash in advance for services to be performed in the future. Purchased $2,400 of supplies on account during the year. Provided services on account of $24,500. Collected $12,600 cash from accounts receivable. Paid a cash dividend of $2,000 to the stockholders. Paid other operating expenses of $2,850. Information for Year 2 Adjusting Entries The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1. Had $300 of supplies remaining on hand at the end of the period. Recognized accrued salaries of $4,800 at the end of the accounting period. Recognized $500 of accrued interest revenue.