i need help in the pictures that has the years 2018-2020
Homework Assignment i Saved Problem 3-25 Basic transactions for three accounting cycles: Perpetual system LO 3-3 Blooming Flower Company was started in 2018 when it acquired $61,400 cash from the issue of common stock. The fol summarize the company's first three years' operating activities. Assume that all transactions were cash transactions. Purchases of inventory Sales Cost of goods sold Selling and administrative expenses 2018 $23,1ee 27,200 12,600 5,45e 2019 $11,800 31,300 18,300 8,840 2020 $18,900 37,7ee 19,600 10,000 Required Prepare an income statement (use multistep format) and balance sheet for each fiscal year. (Hint: Record the transaction accounting period in the accounting equation before preparing the statements for that year.) Complete this question by entering your answers in the tabs below. Income Statements Balance Sheets Prepare an balance sheet for each fiscal year. (Hint: Record the transaction data for each ad equation before preparing the statements for that year.) 2019 2020 BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 2018 Assets Merchandise inventory I Cash 0 Total assets $ 0 % Liabilities Stockholders' equity Common stock 61,400 Retained earnings 0 0 0 0 % 61,400 61,400 Total stockholders' equity Total liabilities and stockholders' equity 61,400 61,400 61,400 61,400 61,400 $ 61,400 | $ $ (Income Statements Balance Sheets > Income Statements Balance Sheets Prepare an income statement for each fiscal year. (Hint: Record the transaction data for e accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Income Statements For the Year Ended December 31 2018 2019 $ 27,200 $ 31,300 (12,600)| (18,300)| 14,600 13,000 $ Net sales Cost of goods sold Gross margin Operating expenses 2020 37,700 (19,600) 18,100 (5,450)| 9,150 $ $ (8,040)| 4,960 Net income (10,000) 8,100 $