I need help completing the following assignment posted above in the pictures ASAP thank you!

GL1203 - Based on Problem 12-6A LO P2, P3 Carey Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. CAREY CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 602,000 171,000 658,000 1,431,000 430,000 (203, 000) $1,658,000 $ 382,000 146,000 576,000 1,104,000 374,000 (130,000) $1,348,000 Assets Cash Accounts receivable Inventory Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ $ 148,000 34,000 182,000 121,000 30,000 151,000 892,000 340,000 244,000 $1,658,000 818,000 229,000 150,000 $1,348,000 CAREY CORPORATION Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 73,000 Other expenses 810,000 Income before taxes Income taxes expense Net income $2,938,000 1,782,000 1,156,000 883,000 273,000 83,570 $ 189, 430 Additional Information on Current Year Transactions a. Purchased equipment for $56,000 cash. b. Issued 37,000 shares of common stock for $5 cash per share. c. Declared and paid $95,430 in cash dividends. 1 11 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. porating 2 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any. 3 Credit Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any. 4 Reconstruct the journal entry for cash paid for other operating expenses, incorporating the change in the related balance sheet account(s), if any. Note : = journal entry has been entered Record entry Clear entry View general journal View transaction list X 5 11 > Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet account(s), if any. porating 6 Reconstruct the entry for the purchase of new equipment. 7 Reconstruct the entry for the issuance of common stock. Credit 8 Reconstruct the entry to record the payment of cash dividends. 9 Close the revenue account(s) to income summary. 10 Close the expense accounts to income summary. Note : = journal entry has been entered Record entry Clear entry View general journal 11 Close Income Summary to Retained Earnings. Statement of Cash Flows (Direct Method) For Current Year Ended December 31 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Prepare the operating activities section of the statement of cash flows using the indirect method. Enter reductions to net cash provided by operating activities as negative values. Unadjusted Dates: Dec 31 to: Dec 31 CAREY COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities