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please help I need to know where I went wrong the net income should be $12,165.83 on the income statement

and the Total assets should be $26,112.67 on balance sheet. I need this fixed so I can write my memo for my assignment.

Net income should be $12165.83 on income statement total assets should be $26112.67 on bal sheet thank you

Balance Sheet As of December 31, 2026 TOTAL 2,776.88 6,000.00 $8,776.88 ASSETS Current Assets Bank Accounts 4673 Checking - Raincross Business Bank Savings - Raincross Business Bank Total Bank Accounts Accounts Receivable Accounts Receivable (A/R) Total Accounts Receivable Other Current Assets Inventory Asset Payments to deposit Total Other Current Assets 8,614.66 $8,614.66 546.13 0.00 $546.13 $17,937.67 -3,000.00 4,625.00 $1,625.00 $19,562.67 91.05 $91.05 Total Current Assets Fixed Assets Accumulated depreciation Equipment Total Fixed Assets TOTAL ASSETS LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable (A/P) Total Accounts Payable Credit Cards Credit Card - Visa Total Credit Cards Other Current Liabilities California Department of Tax and Fee Administration Payable Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Chris Partner Distribution Eric Partner Distribution Opening balance equity Owner's Pay & Personal Expenses Retained Earnings Net Income Total Equity TOTAL LIABILITIES AND EQUITY 1,821.24 $1,821.24 34.55 $34.55 $1,946.84 $1,946.84 -3,000.00 -3,000.00 15,000.00 -53.93 8,669.76 $17,615.83 $19,562.67 Income Statement January 2021 - December 2026 TOTAL Income Sales of Product Income Services Total Income 406.00 21,577.20 $21,983.20 Cost of Goods Sold Cost of goods sold Inventory Shrinkage Total Cost of Goods Sold GROSS PROFIT 217.61 131.96 $349.57 $21,633.63 600.00 45.43 3.50 2,000.00 2,048.70 563.08 2,611.78 Expenses Advertising/Promotional Auto Bank Charges & Fees Charitable Contributions General Operating Expenses Office supplies & Software Total General Operating Expenses Insurance Meals & Entertainment Rent & Lease Repair & Maintenance Service Supplies Uncategorized Expense Utilities Total Expenses NET OPERATING INCOME 154.30 158.51 4,500.00 418.11 1,514.51 450.00 507.73 $12,963.87 $8,669.76 $8,669.76 NET INCOME Income Statement January 2021 - December 2026 TOTAL 406.00 21,577.20 $21,983.20 Income Sales of Product Income Services Total Income Cost of Goods Sold Cost of goods sold Inventory Shrinkage Total Cost of Goods Sold GROSS PROFIT 217.61 131.96 $349.57 $21,633.63 600.00 45.43 3.50 2,000.00 2,048.70 563.08 2,611.78 Expenses Advertising/Promotional Auto Bank Charges & Fees Charitable Contributions General Operating Expenses Office supplies & Software Total General Operating Expenses Insurance Meals & Entertainment Rent & Lease Repair & Maintenance Service Supplies Uncategorized Expense Utilities Total Expenses NET OPERATING INCOME NET INCOME 154.30 158.51 4,500.00 418.11 1,514.51 450.00 507.73 $12,963.87 $8,669.76 $8,669.76 Income Statement January 2021 - December 2026 TOTAL Income Sales of Product Income Services Total Income 406.00 21,577.20 $21,983.20 Cost of Goods Sold Cost of goods sold Inventory Shrinkage Total Cost of Goods Sold GROSS PROFIT 217.61 131.96 $349.57 $21,633.63 600.00 45.43 3.50 2,000.00 2,048.70 563.08 2,611.78 Expenses Advertising/Promotional Auto Bank Charges & Fees Charitable Contributions General Operating Expenses Office supplies & Software Total General Operating Expenses Insurance Meals & Entertainment Rent & Lease Repair & Maintenance Service Supplies Uncategorized Expense Utilities Total Expenses NET OPERATING INCOME 154.30 158.51 4,500.00 418.11 1,514.51 450.00 507.73 $12,963.87 $8,669.76 $8,669.76 NET INCOME Trial Balance As of December 31, 2026 DEBIT CREDIT 2,776.88 6,000.00 8,614.66 546.13 0.00 3,000.00 4,625.00 91.05 1.821.24 34.55 3,000.00 3,000.00 15,000.00 53.93 406.00 21,577.20 4673 Checking - Raincross Business Bank Savings - Raincross Business Bank Accounts Receivable (A/R) Inventory Asset Payments to deposit Accumulated depreciation Equipment Accounts Payable (A/P) Credit Card - Visa California Department of Tax and Fee Administration Payable Chris Partner Distribution Eric Partner Distribution Opening balance equity Owner's Pay & Personal Expenses Sales of Product Income Services Cost of goods sold Inventory Shrinkage Advertising/Promotional Auto Bank Charges & Fees Charitable Contributions General Operating Expenses General Operating Expenses:Office supplies & Software Insurance Meals & Entertainment Rent & Lease Repair & Maintenance Service Supplies Uncategorized Expense Utilities TOTAL 217.61 131.96 600.00 45.43 3.50 2,000.00 2,048.70 563.08 154.30 158.51 4,500.00 418.11 1,514.51 450.00 507.73 $41,930.04 $41,930.04 Income Statement January 2021 - December 2026 TOTAL Income Sales of Product Income Services Total Income 406.00 21,577.20 $21,983.20 Cost of Goods Sold Cost of goods sold Inventory Shrinkage Total Cost of Goods Sold 217.61 131.96 $349.57 GROSS PROFIT $21,633.63 600.00 45.43 3.50 2,000.00 2,048.70 563.08 2,611.78 Expenses Advertising/Promotional Auto Bank Charges & Fees Charitable Contributions General Operating Expenses Office supplies & Software Total General Operating Expenses Insurance Meals & Entertainment Rent & Lease Repair & Maintenance Service Supplies Uncategorized Expense Utilities Total Expenses NET OPERATING INCOME 154.30 158.51 4,500.00 418.11 1,514.51 450.00 507.73 $12,963.87 $8,669.76 $8,669.76 NET INCOME