i want this question in the format i have attached below ( T accounts and income statement in the single step method ) the attachment below is just an example of how i want the question.

thanks

Can you answer this question using T- accounts i have posted an example of that brlow also the income statement in a single step method as ot is easoer to understand an example of that is also posted below.

Total Liab. & Stockholders' equity 481,000 246,000 Cash Flow Statement for the Year Ending 2019 Cash Flow from Operating Activities Cash received from customers 937,000 Cash received from interest 1,500 Cash received from dividends 3,000 Cash paid for inventory (436,500) Cash paid for insurance (2,000) Cash paid for interest (2,000) Cash paid for taxes (107,500) Cash paid for operating expenses (184,500) Net Cash Flow from Operating Activities 209,000 Cash Flow from Investing Activities Cash received from sale of equipment 5,000 Cash Flow from Financing Activities Cash received from note payable 5,000 Net Increase in Cash Cash January 1 Cash December 31 219,000 130,000 349,000 Equipment with a cost of $20,000 and book value of $4,000 was sold for $5,000. New equipment was purchased for $30,000 by issuing $30,000 of common stock. Prepare an income statement for 2019 using the above information (HINT: $200,500). C G K M N 0 P s T U v w X Lab Equity Cal 205.000 Accounts Receivable salaries Payable 10.00 Common stock Accounts Payable 30,000 Sales Reve Depreciation Expense 100,000 300,000 95.000 65.000 101.000 65.200 300.000 30.000 20.000 10,000 8.000 Equipment 250.000 Adative Expense Payable 2.500 Interest Payable Retained Gaming COGS 122.00 290.000 245.000 2.500 1.500 132.00 7 B 9 1.000 Adesi Expense Salaries Expense 20 265,000 Accumulated Depreciation 25,800 Note Papa Equipment 22 23 24 26 27 25.00 35.000 15,000 Stat F Kent's Kart Company Income Statement For the Year Ended December 31, 2018 5 Sales Revenue Cost of Goods Sold Gross Profit 750,000 (525,000) 225,000 3 Admin Expense Depreciation Expens Salaries Elpense Interest Expense Total Expenses 17,000 9,200 45,000 3,000 74,200 10 11 12 13 14 15 16 17 18 19 Net Income 150,800 2018 130,000 42,000 27,000 13,000 Ricky's Running Shoe Company Comparative Balance Sheet As of December 31 Assets 2019 Cash 349,000 Accounts Receivables, net 55,000 Inventory 15,000 Prepaid Insurance 12,000 Long-term Assets Equipment 85,000 Accumulated Depr. - Equipment (50,000) Note Receivable 15,000 Total Assets 481,000 Liabilities Accounts payable 3,500 Dividends Payable 14,500 Interest Payable 2,000 Income tax payable 5,000 Long-term Notes payable 50,000 Stockholders' Equity Common Stock 120,000 Retained Earnings 286,000 Total Liab. & Stockholders' equity 481,000 Cash Flow Statement for the Year Ending 2019 75,000 (56,000) 15,000 246,000 2,000 1,500 7,500 45,000 90,000 100.000 246,000 Decorating Cash Flow Statement for the Year Ending 2019 Cash Flow from Operating Activities Cash received from customers 937,000 Cash received from interest 1,500 Cash received from dividends 3,000 Cash paid for inventory (436,500) Cash paid for insurance (2,000) Cash paid for interest (2,000) Cash paid for taxes (107,500) Cash paid for operating expenses (184,500) Net Cash Flow from Operating Activities 209,000 Cash Flow from Investing Activities Cash received from sale of equipment 5,000 Cash Flow from Financing Activities Cash received from note payable 5,000 Net Increase in Cash Cash January 1 Cash December 31 219,000 130,000 349,000 Equipment with a cost of $20,000 and book value of $4,000 was sold for $5,000. New equipment was purchased for $30,000 by issuing $30,000 of common stock. Prepare an income statement for 2019 using the above information (HINT: $200,500). D N Assets Labrities es Revenue Cash 265.000 Arensberate . Inventory 30.000 Account Payotte 0.000 Starles Puyable DO Commonsta 100.000 1.000 91.00 65.000 10,000 200 100,000 10.00 65,300 1.000 0 11 12 Interest Payable Administrative per Payable 2500 Equipment 00 Retetamine 322.00 14 15 16 12 210.000 245.000 2.500 1.500 322,700 1.000 Ann Expense Note Payable Luipment 285.000 21 25.000 15.000 N Kent's Kart Company Income Statement For the Year Ended December 31, 2018 3 4 5 5 6 7 Sales Revenue Cost of Goods Sold Gross Profit 750,000 (525,000) 225,000 8 10 11 12 13 14 15 16 17 Admin Expense Depreciation Expense Salaries Es pense Interest Expense Total Expenses 17,000 9,200 45,000 3,000 74,200 Net Income 150,800 2018 130.000 42.000 27,000 13,000 Ricky's Running Shoe Company Comparative Balance Sheet As of December 31 Assets 2019 Cash 349,000 Accounts Receivables, net 55,000 Inventory 15,000 Prepaid Insurance 12,000 Long-term Assets Equipment 85,000 Accumulated Depr. - Equipment (50,000) Note Receivable 15,000 Total Assets 481,000 Liabilities Accounts payable 3,500 Dividends Payable 14,500 Interest Payable 2.000 Income tax payable 5,000 Long-term Notes payable 50,000 Stockholders' Equity Common Stock 120,000 Retained Earnings 286,000 Total Liab. & Stockholders' equity 481,000 75,000 (56,000) 15,000 246,000 2.000 1,500 7,500 45,000 90,000 100,000 246,000 Cash Flow Statement for the Year Ending 2019 Cash Flow from Operating Activities Cash received from customers 937,000 Cash received from interest 1,500 Cash received from dividends 3,000 Cash paid for inventory (436,500) Cash paid for insurance (2,000) Cash paid for interest (2,000) Cash paid for taxes (107,500) Cash paid for operating expenses (184,500) Net Cash Flow from Operating Activities 209,000 5,000 Cash Flow from Investing Activities Cash received from sale of equipment Cash Flow from Financing Activities Cash received from note payable Net Increase in Cash Cash January 1 Cash December 31 5,000 219,000 130,000 349,000 Equipment with a cost of $20,000 and book value of $4,000 was sold for $5,000. New equipment was purchased for $30,000 by issuing $30,000 of common stock. Prepare an income statement for 2019 using the above information (HINT: S200,500). B 0 G H F Awes M N 5 T U R Equity V w 4 205.000 Arecebe 95.000 In 200,000 Au Payable 10 Solaris Payable 30,00 Common Stock 300,000 Depreciation EX 6 8 9 10 95.00 55,000 101.000 65.00 10.000 20,000 100.000 8,000 Line 230.000 Me pense Payable 2.500 est Payable Red Care COD 322.700 11 12 13 10 15 16 97 18 230.00 10.000 122,00 1.500 1.000 Adnan 265.000 A. Depreciation Note Payable Lumen 26 27 15.000 T-accounts Income Statement Really N Assets M Liabilities Cash 265,000 Accounts Receivable 95,000 Inventory 101,000 Accounts Payable 30,000 Salarie 5 5 7 B 9 10 95,000 65,000 101,000 65,200 30,000 20,000 Equipment 230,000 Administrative Expense Payable 2,500 Interest Pa 11 12 13 14 15 16 17 18 19 + 230,000 245,000 2,500 1,500 265.000 Accumulated Depreciation 25,800 Note Payable- Equipment 20 21 22 23 24 25 26 27 25,800 35,000 15,000 T-accounts Income Statement Liabilities + Equity Depreciation Expense Sales Revenue Accounts Payable 30,000 Salaries Payable 10,000 Common Stock 300,000 300,000 30,000 20,000 10,000 8,000 Administrative Expense Payable 2,500 Interest Payable Retained Earnings 322,700 COGS Interest Expense 2,500 1,500 322,700 1,000 Admin Expense Salaries Expense Note Payable Equipment 15,000 B C D E Kent's Kart Company Income Statement For the Year Ended December 31, 2018 Sales Revenue Cost of Goods Sold Gross Profit 750,000 (525,000) 225,000 Admin Expense Depreciation Expens Salaries Expense Interest Expense Total Expenses 17,000 9,200 45,000 3,000 74,200 Net Income 150,800