Introduction to financial accounting 11th edition

Question 4-43

I need the balance sheet and income statement for the college students original statements. I have been working on the to statements for 12 hours and i am still 1400 off.

4-43 Financial Statements and Adjustments Rockwell Wholesalers, Inc. has just completed its fourth year of business in 20X1. A set of financial statements was prepared by the principal stockholder's eldest child, a college student who is beginning the third week of an accounting course. Following is a list (in no systematic order) of the items appearing in the student's balance sheet, income statement, and the retained earnings column of the statement of stockholders' equity: 97,300 $183,100 Advertising expense Accounts receivable Note receivable 590,000 36,000 Cost of goods sold 4,800 201,900 Unearned rent revenue Merchandise inventory 99,300 nsurance expense 3,500 Cash 2,300 620,000 Unexpired insurance Paid-in capital 52,500 300,000 Accounts payable Building Interest expense 500 Accumulated depreciation, 20,000 Telephone expense building 20,000 169,200 Notes payable Land 2,500 936,800 Net income Sales 58,626 124,300 Miscellaneous expense Salary expense 3,400 4,800 164,000 Maintenance expense Retained earnings December 31, 20XO Assume that the statements in which these items appear are current and complcte, except for the following matters not taken into consideration by the student: a. Salaries of $8,500 have been earned by employees for the last half of December 20X1 Payment by the company will be made on the next payday, January 2, 20X2. b. Interest at 6% per annum on the Note Receivable has accrued for 2 months and is expected to be collected by the company when the Note is due on January 31, 20X2