I am having trouble finishing the income statement as well as the balance sheet. says incomplete/wrong values. I have completed the journal entries. thank you for your help

Cash 59,480 Accounts Receivable 1,820 Inventory 360 Prepaid Rent 540 Equipment 820 Accumulated Depreciation 100 Accounts Payable 1,340 Solaries and wages Payable 300 Income Taxes Payable Common Stock 6,300 Retained Earnings 2,700 Sales Revenue 14,430 Cost of Goods Sold 7.740 Rent Expense 990 Salaries and Wages Expense 2,000 Depreciation Expense 100 Income Tax Expense 0 Office Expense 1,400 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The Inventory on December 1 consisted of 900 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40. College Coasters records its inventory using perpetual inventory accounts and the AFO cost flow method During December, the company entered into the following transactions. Some of these transactions are explained in greater detail below ces a. Purchased 500 coasters on account from the regular supplier on 12/1 at a unit cost of $0.42, with terms of n/60 b. Purchased 800 coasters on account from the regular supplier on 12/2 at a unit cost of $0.45, with terms of n/60 c Sold 1600 coasters on account on 12/3 at a unit price of $100 d. Collected $910 from customers on account on 12/4 e Paid the supplier $1280 cash on account on 12/18 Paid employees $400 on 12/23, of which $290 related to work done in November and $110 was for wages up to December 22 o loaded 90 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona, Hawal. The sale was made FOB destination with terms of 1/60 Other relevant information includes the following at 12/31 h College Coasters has not yet recorded 5170 of office expenses incurred in December on account The company estimates that the equipment depreciates at a rate of $10 per month One month of depreciation needs to be recorded 4. Wages for the period from December 23-31 are $100 and will be paid on January 15 The S540 of Prepaid Rent relates to a six-month period ending on May 31 of next year The company incurred $800 of income tax but has made no tax payments this year m No shrinkage or damage was discovered when the inventory was counted on December 31 n. The company did not declare dividends and there were no transactions involving common stock m. No shrinkage or damage was discovered when the inventory was counted on December 31 n The company did not declare dividends and there were no transactions involving common stock ^ Requirement General General Journal Income Ledger Trial Balance Statement Balance Sheet Analysis Choose the appropriate accounts to be reported on the income statement. Select the adjusted' from the dropdown, which wil then populate the balances in those accounts from the trial balance. However, you will need to calculate and enter the amount of the net income or loss for the year ended December 31. Adjusted COLLEGE COASTERS Income Statement For the Year Ended December 31 Revenues Sales Revenue 16.030 Cost of Goods Sold 8,400 Gross Profit $ 7,630 Operating Expenses Rent Expenso 1,080 Salaries and Wages Experise 2,210 Office Expenses 1,570 Depreciation Expense 110 0 Total Operating Expenses 4,970 2,660 0 $ Net Income COLLEGE COASTERS Balance Sheet 8,630 2,510 270 450 11,860 11.860 As of December 31 Assets Current Assets Cash Accounts Receivable Inventory Prepaid Rent Total Current Assets Equipment Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Income Taxes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 800 110 800 1710 6,300 2.700 9,000 10.710 $ COLLEGE COASTERS Trial Balance December 31, 2021 Account Title Credit Cash no Debit 8,630 2.510 270 450 820 110 800 110 800 Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Depreciation Expense Office Expenses Rent Expense Salaries and Wages Expense Income Tax Expense Total 6,300 2,700 16,030 8,400 110 1,570 1,000 2.210 800 26,850 $ 26.850