I need help

1. A company's financial statements consist of the balance sheet, income statement, and statement of cash flows.Describe what each statement tells us.

2. What are retained earnings?

3. What is an example of Long Term debt? Why?

3. How do gross profits, operating profits and net income differ?

4. Create a balance sheet and income statement for Belmond, Inc, from the following:

Inventory: $6,500

Common Stock: $48,000

Cash: $19,700

Operating Expenses: $1,350

Short-Term Notes Payable: $600

Interest Expense: $750

Depreciation Expense: $500

Net Sales: $13,500

Accounts Receivable: $9,600

Accounts Payable: $5,200

Long-Term Debt: $49,300

Cost of Goods Sold: $6,250

Buildings and Equipment: $121,999

Accumulated Depreciation: $34,000

Taxes: $2,440

General and Administrative Expense: $850

Retained Earnings: ?