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I need help with this question The following transactions pertain to 2015, the first-year operations of Bailey Company. All inventory was started and completed during

I need help with this question

The following transactions pertain to 2015, the first-year operations of Bailey Company. All inventory was started and completed during 2015. Assume that all transactions are cash transactions.

1. Acquired $4,400 cash by issuing common stock.
2. Paid $630 for materials used to produce inventory.
3. Paid $1,880 to production workers.
4. Paid $1,624 rental fee for production equipment.
5. Paid $110 to administrative employees.
6. Paid $113 rental fee for administrative office equipment.
7. Produced 390 units of inventory of which 270 units were sold at a price of $13 each.
Required
a-1. Prepare an income statement. (Do not round intermediate calculations.)

a-2. Prepare a balance sheet.

a-3.

Prepare statement of cash flows. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.)

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