need help with this homework question part 1,2,3

Required information P1-1 Preparing an Income Statement, Statement of "Stockholders" Equity, and Balance Sheet LO1-1 [The following information applies to the questions displayed below.) Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Cash Receivables from customers (all considered collectible) Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion Accounts payable owed to suppliers Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue Expenses, including the cost of the merchandise sold (excluding income taxes) Income taxes expense at 300 pretax incon all paid during the current year Common stock December 31) Dividends declared and paid during the current year $ 25,700 12.300 90.000 41,800 47.440 3,300 135,000 87,200 86,100 10.500 (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) Required information 3. Prepare a balance sheet at December 31. HIGHLIGHT CONSTRUCTION COMPANY Balance Sheet Balance Sheet DJ Required information Check my wor Required information P1-1 Preparing an Income Statement, Statement of "Stockholders" Equity, and Balance Sheet LO1-1 (The following information applies to the questions displayed below.) Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Cash Receivables from customers (all considered collectible) Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion Accounts payable owed to suppliers Salary payable (on December 31, this was oved to an employee who will be paid on January 10) Total sales revenue Expenses, including the cost of the merchandise sold (excluding income taxes) Income taxes expense at 308 * pretax income all paid during the current year Common stock (December 31) Dividends declared and paid during the current year $ 25, 700 12,300 80,000 41,800 47,440 3,300 135,000 87,200 86,100 10,500 (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) 2. Prepare a statement of stockholders' equity for the year. HIGHLIGHT CONSTRUCTION COMPANY COMPANY Statement of Stockholders' Equity At December 31, Current Year Common Stock Balance January 1, Current year $ 0 Cash Retained Earnings $ 19 0 T Balance December 31, Current year Required: 1. Prepare a summarized income statement for the year. HIGHLIGHT CONSTRUCTION COMPANY Income Statement At December 31, Current Year