Orgnaized and detailed pleassse

1. Multi-Step Income Statement for the month of January 2018 (see page 180/181 in your textbook for guidance). 2. Statement of Retained Earnings for the month of January 2018 (see page 479/480 in your textbook for guidance). Note: There are no prior period adjustments and all dividends declared are cash dividends in the amount of $31,060. 3. Comparative Balance Sheet for the months of December 2017 and January 2018 (See page 617/618 in your textbook for guidance). Common-Size Comparative Balance Sheet for the months of December 2017 and January 2018 (See page 619 in your textbook for guidance). 4 Required #2 Use the Income Statement and Comparative Balance Sheet you prepared in Required #1 and the following additional information to prepare the Statement of Cash Flows (Indirect Method) for the month of January 2018 (see page 679 for an example). . . Issued 10,000 new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $10 per share on the date of sale and the par value of the stock was 50 cents. Purchased land with a cost $250,000. A down payment was made in the amount of $50,000 sash and a 10% 5-year note payable was signed for the difference. Purchased additional store equipment for $50,000 paying cash. The $10,000 notes receivable was related to the sale of merchandise inventory to a credit customer this period. Hint: The increase in notes receivable should be reported as an addition to the operating activities section of the statement of cash flows. Issued bonds with a face amount of $800,000 at 97. Hint: The amortization of the bond discount in the amount of $100 should be reported as an addition to the operating activities section. Used the cash proceeds from the bond issue to pay off the mortgage payable of $200,000. The company repurchased 20,000 shares of its common stock on the open market for $9 per share. . . . . The company reissued 12,000 of the treasury shares at a price of $15 per share. Issued 1,500 shares of preferred stock at $105 per share. Paid cash dividends of $31,060 to preferred and common stockholders. . Required #3 Prepare the following Ratios for January 2018 and include formula and calculation: 1. Current Ratio 2. Acid-Test Ratio 3. Working Capital 4. Days' sales in inventory 5. Day's sales uncollected 6. Debt Ratio 7. Equity Ratio 8. Debt-to-equity 9. Profit Margin Ratio 10. Gross Margin Ratio AA 1x fr D E F 1 B Be Prepared Balance Sheet December 31, 2017 2 3 s $ 25,000 7,500 200,000 232,500 5 6 7 8 9 10 11 12 13 14 15 16 12 18 Assets Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Land Building Accum Dep: Building Office Equipment Accum Dep: Office Equipment Store Equipment Accum Dep: Store Equipment Patents Total Assets Liabilities 27,500 Accounts Payable 40,000 Income Taxes Payable 50,000 Mortgage Payable 1,500 Total Liabilities 3,000 64,250 400,000 Stockholders' Equity (45,000) Preferred Stock 90,000 Common Stock (15,000) Paid in Capital in Excess of Par: Proffered 75,000 Paid in Capital in Excess of Par: Common (15,000) Retained Earnings 70,000 Total Stockholders' Equity 746,250 s 250,000 100,000 7,500 71,250 85,000 513,750 746,250 un $ 19 20 21 22 23 24 25 26 27 28 D E F G Credits Debits 687,490.00 $ 23,000.00 460.00 B 1 Be Prepared 2 Adjusted Trial Balance 3 January 31, 2018 4 5 Account ID Account Description 6 1001 Cash $ 7 1021 Accounts Receivable 8 1022 Allowance for Doubtful Accounts 9 1027 Interest Receivable 10 1031 Notes Receivable 11 1051 Merchandise Inventory 12 1101 Store Supplies 13 1111 Office Supplies 14 1125 Prepaid Insurance 15 1401 Land 16 1411 Building 17 1412 Accum Dep: Building 18 1431 Office Equipment 19 1432 Accum Dep: Office Equipment 20 1451 Store Equipment 21 1452 Accum Dep: Store Equipment 22 1501 Patents 23 2001 Accounts Payable 24 2005 Income Taxes Payable 25 2031 Interest Payable 26 2101 Notes Payable Long Term 27 2301 Bonds Payable 28 2303 Discount on Bonds Payable 60.00 10,000.00 5,190.00 10,000.00 300.00 2,800.00 414,250.00 400,000.00 45,750.00 90,000.00 17,500.00 125,000.00 15,800.00 69,300.00 25,000.00 7,500.00 4,778.00 200,000.00 800,000.00 23,900.00 C D E F G H 27 28 800,000.00 23,900.00 29 400,000.00 105,000.00 15,000.00 166,250.00 72,000.00 53,940.00 72,000.00 139,000.00 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 800.00 3,000.00 60.00 A B 2301 Bonds Payable 2303 Discount on Bonds Payable 3001 Preferred Stock 3011 Common Stock 3101 Paid in Capital in Excess of Par: Proffered 3111 Paid in Capital in Excess of Par: Common 3121 Paid in Capital Treasury Stock 3300 Retained Earnings 3351 Treasury Stock 4001 Sales Revenue 4002 Sales Discount 4003 Sales Returns and Allowances 4101 Interest Revenue 5001 Cost of Goods Sold 5010 Insurance Expense - General 5012 Repairs Expense: Office 5015 Depreciation Expense: Building - General 5020 Depreciation Expense: Office Equipment 5025 Supplies Expense - Selling 5027 Utilities Expense: Office 5030 Office Salaries Expense 5035 Office Payroll Tax Expense 6005 Depreciation Expense: Store Equipment 6010 Amortization Expense: Patents - General 6015 Sales Salaries Expense 6020 Sales Payroll Tax Expense 6022 Utilities Expense: Store 6025 Delivery Expense - General Jan 31 Adj Trial Balance Dec 31 Balance Sheet 84,560.00 200.00 2,500.00 750.00 2,500.00 1,200.00 1,500.00 15,000.00 1,200.00 800.00 700.00 10,000.00 800.00 1,100.00 1,000.00 Sheet1 48 49 50 51 52 53 54 D F F G 32 33 34 35 166,250.00 72,000.00 53,940.00 72,000.00 139,000.00 800.00 3,000.00 60.00 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 A B 3111 Paid in Capital in Excess of Par: Common 3121 Paid in Capital Treasury Stock 3300 Retained Earnings 3351 Treasury Stock 4001 Sales Revenue 4002 Sales Discount 4003 Sales Returns and Allowances 4101 Interest Revenue 5001 Cost of Goods Sold 5010 Insurance Expense - General 5012 Repairs Expense: Office 5015 Depreciation Expense: Building - General 5020 Depreciation Expense: Office Equipment 5025 Supplies Expense - Selling 5027 Utilities Expense: Office 5030 Office Salaries Expense 5035 Office Payroll Tax Expense 6005 Depreciation Expense: Store Equipment 6010 Amortization Expense: Patents - General 6015 Sales Salaries Expense 6020 Sales Payroll Tax Expense 6022 Utilities Expense: Store 6025 Delivery Expense - General 6030 Repairs Expense: Store 6040 Bad Debts Expense - Selling 7001 Interest Expense 84,560.00 200.00 2,500.00 750.00 2,500.00 1,200.00 1,500.00 15,000.00 1,200.00 800.00 700.00 10,000.00 800.00 1,100.00 1,000.00 800.00 460.00 5,878.00 2,068,038.00 2,068,038.00 Sheet