Only parts D, E, & F

A. Prepare journal entries for each of the following 7 transactions. JE 1 PizzaPan Inc. sold 1 million shares of their common stock for $1/share (par value of the common stock is $.10) JE 2 PizzaPan Inc. purchased $200,000 inventory from a culinary distributor. PizzaPan inc. had to pay at the point of purchase the full $200,000 (cash). JE 3 PizzaPan Inc. purchased a delivery truck for $40,000 (cash). JE 4 PizzaPan Inc. sold on account 10,000 pizza pans to Domino's Corporation. They sold the pans for $5/each. The cost of each pan is $3 ($3/each). JE 5 PizzaPan Inc. sold on account 5,000 pizza cutters to Pizza Hut Corporation. They sold the pizza cutters for $8/each. The cost of each pizza cutter is $4 ($4/each). JE 6 PizzaPan Inc. paid their employees as follows: Sales staff => $12,000 Administrative staff => $16,000 JE 7 PizzaPan Inc. received $50,000 payment from Domino's Corporation. B. Post the above journal entries to "T" accounts. C. Prepare a trial balance using the "T" account balances. D. Prepare an Income Statement. E. Prepare a Retained Earnings Statement F. Prepare a Balance Sheet