need some help on the cost of good sold and balance sheet

The following transactions pertain to 2018, the first year operations of Perez Company. All inventory was started and completed during 2018. Assume that all transactions are cash transactions 1. Acquired $4,500 cash by issuing common stock 2. Paid $670 for materials used to produce inventory 3. Paid $1,970 to production workers. 4. Paid $1,056 rental fee for production equipment. 5. Paid $130 to administrative employees. 6. Paid $106 rental fee for administrative office equipment. 7. Produced 330 units of inventory of which 190 units were sold at a price of $14 each Required Prepare an income statement and a balance sheet in accordance with GAAP. Income Statement Balance Sheet Prepare an income statement. (Do not round your intermediate calculations.) $ PEREZ COMPANY Income Statement for 2018 Sales revenue Cost of goods sold Gross margin Administrative expense 2,660 385 X 2,275 236 Net income 2,039 Income Statement Balance Sheet Prepare a balance sheet. (Do not round your intermediate calculations.) PEREZ COMPANY Balance Sheet as of 12/31/2018 Assets Cash Finished goods inventory Total assets Equity Common stock Retained earnings Total equity