I am having trouble with balancing I am not sure what I did wrong, there is only a different of 7750 from assets and liabilities + equity.

1. Paid cash to purchase $93,000 of merchandise inventory. 2. The goods that were purchased in Event 1 were delivered FOB destination. Freight costs of $1,860 were paid in cash by the responsible party. 3a. Sold merchandise for $106,500 under terms 1/10, n/30. 3b. Recognized $53,400 of cost of goods sold. 4a. Junker's Stash customers returned merchandise that was sold for $2,560. 4b. The merchandise returned in Event 4a had cost Junker's Stash $1,480. 5. The merchandise in Event 3a was sold to customers FOB destination. Freight costs of $1,880 were paid in cash by the responsible party. 6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount. 6b. Collected the balance in the accounts receivable account. 7. Paid cash of $7,425 for selling and administrative expenses. 8. Sold the land for $10,250 cash. Required a. Record the above transactions in a financial statements model. The first event is recorded as an example. b. Determine the amount of net sales. c. Prepare a multistep income statement. Include common size percentages on the income statement. d. The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? JUNKER'S STASH Financial Statements Model Balance Sheet Income Statement - Expensel Assets Revenuel Gain - Loss Net Income Statement of Cash Flow Event Cash + Accounts + Inventory + Land Stockholders' Equity Common + Retained Stock Earnings 93,000 + 42,900 Receivable 1 15,800 = No. Beg bel 1. 2 103,000 (93,000) 17.300 93.000 + + - 0 = 0 (93,000) 0 108,500 + 0 + 108,500 (53.400) 108,500 (53.400) (2.560) 53.400 (53,400) (2,560) (2,580) + (2.560) (1.480) 1,480 1.480 1.880 39 99393 OOOOOOOOOOOO (1.880) 0 % (1,880) + (1.085) (1.065) (1,065) X (1.085) (102,875) X 102,875 % (7.425) (7.425) (7.425) 10.250 102.875 % (7.425) 10.250 OX 8. (10,250) End. bal 113,820 60.260 + 5,350 93,000 83,470 102.875 62,305 (64,450) 10.820 (Required A Required B >