I only need Requirement #3 for 2020 and Requirement #1-3 for 2021. Thank you!

XYZ Inc's fiscal year end is December 31 and the company uses the periodic inventory method. 2019 Transactions 1. On October 28, 2019, XYZ Inc. was incorporated to begin operating a new retail business. 2. On November 3, 2019, four new owners transferred $40,000 cash to the corporation for 4,000 shares (1.000 shares each owner). 3. A building was purchased for $28,000 on December 14, 2019, for use beginning in 2020. It is expected to have a 20-year life with $5,000 salvage. 4. Equipment costing $6,000 was purchased December 16, 2019, for use beginning in 2020. It is expected to last 5 years with $1,000 salvage value. 5. The firm arranged to borrow $10,000 from the bank by signing a Note paying 7% interest and effective December 31, 2019 due December 31, 2021. Required for 2019 1. Write journal entries for each transaction. 2. Post each transaction to a general ledger (T-account or spreadsheet format) and prepare the trial balance 3. Prepare the basic financial statements for the year. 2020 Transactions 1. During 2020, S121,000 in sales were made on account. Collections from customers were $102,000 for the year. 2. During 2020, $84,000 in inventory purchases were made on account. Payments to vendors were $71,000 for the year. 3. During 2020, $20,000 in salary cost was incurred from employees working. Salary paid was $18,000 for the year. 4. On January 2, 2020 15 months of rent was paid in advance for $15,000. 12 months were used during 2020. 5. On June 30, 2020,1,000 new shares of common stock were issued in exchange for $12,000 cash. 6. On September 9, 2020, land to open a new store is purchased for $14,000 cash. 7. On December 31, 2020, the loan is repaid with interest. 8. Equipment and building were used during 2020 & depreciation recorded (building used SL, equipment DDB (Double Declining Balance, le 2 times the SL rate) 9. Inventory is counted and $17.000 remains unsold at December 31, 2020. 10. The income tax rate is 40%. Required for 2020: 1. Write journal entries for each transaction and year-end adjusting entries. 2. Post each transaction to a general ledger (T-account or spreadsheet format) and prepare the adjusted trial balance. 3. Prepare the basic financial statements for the year. 2021 Transactions 1. During 2021, a new gift card program was started and customers purchased $32,000 in gift cards (le. deferred revenue) 2. During 2021, $147,000 in sales were made on account. Collections of AR from customers were $143.000 for the year. 3. During 2021. $113,000 in inventory purchases were made on account. Payments to vendors were $117,000 for the year. 4. During 2021, 631,000 in salary cost was incurred from employees working. Salary paid was $32,000 for the year. 5. On March 15, 2021, income taxes accrued in 2020 were paid. 6. On March 31, 2021, 10 months of rent was paid in advance for $10,000. 12 months were used during 2021 7. On October 1, 2021, excess land is sold for $4,000, the land was previously purchased in 2020 at a cost of $3,000. B. On November 1, 2021, a $2 per share dividend is declared, record date November 15 and payment date December 1, 2021. 9. Equipment and building were used during 2021 & depreciation recorded (building used SL, equipment DDB) 10. Inventory is counted and $21,000 remains unsold at December 31, 2021. 11. The income tax rate is 40%. Required for 2021 1. Write journal entries for each transaction as well as year-end adjusting entries. 2. Post each transaction to a general ledger (T-account or spreadsheet format) and prepare the adjusted trial balance. 3. Prepare the basic financial statements for the year