I am having trouble balancing this. Can you look at my work to see what I missed or what I am doing wrong?

ACC 301 / 501 Name* Homework # 1 ( R ) OL Date : Flagstaff Corporation's capital structure consists of 50, 000 shares of common stock . The December 31 , 2020 account balances are listed below ( except as noted ) . All adjusting entries have been made except for the accrual of taxes ( 20%6 tax rate ) . Sales 51, 505, 000 Purchase Discounts 19,000 Purchases $81, 000 Loss on Discontinued Operations 75, 000 Selling Expenses 143, 000 Cash 65, 000 Accounts Receivable* 92, 000 Common Stock 180, 000 Accumulated Depreciation 162, 700 Dividend Revenue* 7, 500 Inventory , January 1 , 2020 158, 000 Unearned Service Revenue 5, 800 Prepaid Insurance* 1 , 500 Land 420, 500 Patents 75 , 000 Retained Earnings , January 1 , 2020 285 , 000 Sales Discounts 15, 000 General and Administrative Expenses 124 , 000 Dividends 25,000 Allowance for Doubtful Accounts 5,000 Notes Payable ( maturity 7 / 1 / 21 1 175 , 000 Machinery and Equipment 500, 000 Office Supplies 50, 000 Accounts Payable 79, 000 Note : 12 / 31 / 20 Inventory is $1 14 , 000Flagstaff Corporation Income Statement For the year ended Dec 31, 2020 Sales Revenue 'S 1,505,000 Less : Discounts S 15,000 Net Sales 1,490,000 COGS 706,000 Gross Profit S 784,000 Less:Operating Expenses Selling expenses S 143,000 Administrative expenses 124,000 Total operating expenses 267,000 Operating Income 517,000 Other Income Dividend Revenue 5 7,500 Income from contivous operation before tax 524,500 Less: tax expense 20% 104,900 Income from continous operation S 419,600 Income from discontinued operations Income (loss) from operations of segment (net of tax) (75000-(75000*20%) (60,000) Net Income 359,600 Ernings Per Share 5 7.19Required a) Prepare a 2020 multi-step income statement; include EPS. Refer to the Cabrera (Illustration 4-2) and Poquito (Illustration 4-8) Company examples in Chapter 4 of the text for format suggestions (Also, refer to Illustration 4-10). Many items in these format examples are not applicable to this homework problem. b) Prepare a 2020 retained earnings statement. Refer to the Stricker example (illustration 4-19) in Chapter 4 of the text for format suggestions. No corrections of prior periods exist. c) Prepare a 12/31/20 balance sheet. Refer to the Scientific Products (Illustration 5-16) example in Chapter 5 of the text for format suggestions. Many items in this example are not applicable to this homework problem. 4/23/2019 C:\\Users\\tdhilliard\\Desktop\\Walsh\\ACC_301_HW1_PROB_R_Online (CORRECTED).docx 1 Submission Instructions 1. Prepare the answers in Excel on one tab within the spreadsheet. Put your name, date, course number, and "Homework #1" in the upper left corner of the spreadsheet. 2. Submit the assignment through the upload feature within Moodle. Assignments should NOT be emailed. PLEASE BE SURE THE ASSIGNMENT IS ACTUALLY SUBMITTED AND NOT IN "DRAFT" STATUS. YOU MUST CLICK ON A BOX TO ACKNOWLEDGE THE SUBMISSION IS YOUR ORIGINAL WORK TO COMPLETE THE SUBMISSION PROCESS. BE SURE TO HIT "SUBMIT."