just need the balance sheet

1. Bobcat Coffee had sales of goods totaling $200,000, receiving $150,000 in cash and $50,000 on account. The cost of the goods sold were $60,000 2. Bobcat Coffee purchased $80,000 of inventory. All purchases were on account. 3. Bobcat Coffee paid salaries of $50,000. This was payment for salaries of $35,000 and $15,000 that was payable from last year. 4. Bobcat Coffee purchased $7,000 of supplies. All of these purchases were on account. 5. Bobcat Coffee received $40,000 cash from customers who had been granted credit. The entire amount collected relates to sales from last year. 6. Bobcat Coffee paid utilities for the current month of $5,000. obcat Coffee paid $45,000 to its suppliers related to previous purchases on account. 8. Bobcat Coffee paid $12,000 in rent for the year. 9. Bobcat Coffee incurred depreciation expense for the year on old equipment $2,000. 10. After counting its supplies on hand, Bobcat Coffee determined that they had $6,000 in supplies on-hand. (Hint: What is the amount of supplies that has been used in month? What journal entry needs to be prepared?] 11. $9,000 of prepaid insurance expired. 12. Bobcat Coffee paid $300 of interest on its long-term debt. 13. Bobcat Coffee incurred $17,000 of salaries expense in December, but will pay this amount next month (January). 14. Bobcat Coffee declared and paid $4,000 in cash dividends. 15. Bobcat Coffee bought a new piece of equipment for $50,000. Bobcat coffee financed the equipment with a note from the bank. 16. The equipment purchased has a 10 year useful life and no expected salvage value. Depreciation is calculated on a straight-line basis. 17. Bobcat Coffee pre sold $3,000 of coffee in December 20x4 to a customer for a week- long conference scheduled for January 20X5. The customer paid upfront for the large order a month ahead of time (December) to secure the order. The coffee was then delivered as planned for the conference in January. REQUIRED: 1. Prepare journal entries for all of the above transactions. 2. Post the journal entries to T-Accounts. 3. Prepare the following financial statements in proper form: a. Income Statement (Assume income taxes are zero). b. Statement of Retained Earnings c. Balance Sheet Beginning Balance Sheet Bobcat Coffee Balance Sheet December 31, 20X3 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Supplies $ 12,000 8,000 10,000 2,000 30,000 Inventory Total Current Assets $ 62,000 Property Plant & Equipment Land Equipment Accumulated Depreciation Total PPE $ 81,500 100,000 (30,000) $ 138,000 Total Assets $ 213,500 Liabilities & Stockholders' Equity Current Liabilities Accounts Payable $5,000 15,000 Salaries Payable Total Current Liabilities $ 20,000 $ 100,000 Long Term Debt Stockholders' Equity Retained Earnings $ 38,500 55,000 Common Stock Total Stockholders' Equity Total Liabilities & Stockholders' Equity $ 93,500 $ 213,500