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i need help filling out the income and balance sheet The following transactions pertain to Year 1, the first-year operations of Jordan Company. All inventory

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The following transactions pertain to Year 1, the first-year operations of Jordan Company. All inventory was started and completed during Year 1 Assume that all transactiohs are cash transactions. 1. Acquired $4.500 cash by issuing common stock 2 Paid $690 for materials used to produce inventory 3. Paid $1.900 to production workers 4. Paid $1.466 rental fee for production equipment 5. Paid $130 to administrative employees 6 Paid $107 rental fee for administrative office equipment 7 Produced 390 units of inventory of which 250 units were sold at a price of $13 each Required Prepare an income statement and a balance sheet in accordance with GAAP Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare an income statement. (Do not round your intermediate calculations.) JORDAN COMPANY Income Statement for Year 1 The following transactions pertain to Year 1, the first-year operations of Jordan Company All inventory was started and completed during Year 1 Assume that all transactions are cash transactions, 1. Acquired $4,600 cash by issuing common stock 2 Poid $690 for materials used to produce inventory 3. Paid $1900 to production workers 4 Paid $1.466 rental fee for production equipment. 5 Paid $130 to administrative employees 6. Paid $107 rental fee for administrative office equipment 7 Produced 390 units of inventory of which 250 units were sold at a price of $13 each Required Prepare an income statement and a balance sheet in accordance with GAAP Complete this question by entering your answer in the tabs below. Income Statement Balance she Prepare a balance sheet. (Do not round your intermediate calculations.) JORDAN COMPANY Balance Sheet as of 12/31/Y1 Assets Total assets $ 0

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