Palisade Creek Co$.$ is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co$.$ as of May $1,20$Y$7($unless otherwise indicated$),$ are as follows:

$110$ Cash $$83,600$

$112$ Accounts Receivable $233,900$

$115$ Merchandise Inventory $652,400$

$117$ Prepaid Insurance $16,800$

$118$ Store Supplies $11,400$

$123$ Store Equipment $569,500$

$124$ Accumulated Depreciation$$Store Equipment $56,700$

$210$ Accounts Payable $96,600$

$211$ Customer Refunds Payable $50,000$

$212$ Salaries Payable $$

$310$ Lynn Tolley, Capital, June $1,20$Y$6685,300$

$311$ Lynn Tolley, Drawing $135,000$

$410$ Sales $5,069,000$

$510$ Cost of Merchandise Sold $2,823,000$

$520$ Sales Salaries Expense $664,800$

$521$ Advertising Expense $281,000$

$522$ Depreciation Expense $$

$523$ Store Supplies Expense $$

$529$ Miscellaneous Selling Expense $12,600$

$530$ Office Salaries Expense $382,100$

$531$ Rent Expense $83,700$

$532$ Insurance Expense $$

$539$ Miscellaneous Administrative Expense $7,800$

May $1$: Paid rent for May, $$5,000.$

May $3$: Purchased merchandise on account from Martin Co$.,$ terms $2/10,$ n$/30,$ FOB shipping point, $$36,000.$

May $4$: Paid freight on purchase of May $3,$ $$600.$

May $6$: Sold merchandise on account to Korman Co$.,$ terms $2/10,$ n$/30,$ FOB shipping point, $$68,500.$ The cost of the merchandise sold was $$41,000$

May $7$: Received $$22,300$ cash from Halstad Co$.$ on account.

May $10$: Sold merchandise for cash, $$54,000.$ The cost of the merchandise sold was $$32,000.$

May $13$: Paid for merchandise purchased on May $3.$

May $15$: Paid advertising expense for last half of May, $$11,000.$

May $16$: Received cash from sale of May $6.$

May $19$: Purchased merchandise for cash, $$18,700.$

May $19$: Paid $$33,450$ to Buttons Co$.$ on account.

May $20$: Paid Korman Co$.$ a cash refund of $$5,000$ for damaged merchandise from sale of May $6.$ Korman Co$.$ kept the merchandise.

May $20$: Sold merchandise on account to Crescent Co$.,$ terms $1/10,$ n$/30,$ FOB shipping point, $$110,000.$ The cost of the merchandise sold was $$70,000.$

May $21$: For the convenience of Crescent Co$.,$ paid freight on sale of May $20,$ $$2,300.$

May $21$: Received $$42,900$ cash from Gee Co$.$ on account.

May $21$: Purchased merchandise on account from Osterman Co$.,$ terms $1/10,$ n$/30,$ FOB destination, $$88,000.$

May $24$: Returned damaged merchandise purchased on May $21,$ receiving a credit memo from the seller for $$5,000.$

May $26$: Refunded cash on sales made for cash, $$800.$ The defective merchandise was not returned by the customer.

May $28$: Paid sales salaries of $$56,000$ and office salaries of $$29,000.$

May $29$: Purchased store supplies for cash, $$2,400.$

May $30$: Sold merchandise on account to Turner Co$.,$ terms $2/10,$ n$/30,$ FOB shipping point, $$78,750.$ The cost of the merchandise sold was $$47,000.$

May $30$: Received cash from sale of May $20$ plus freight paid on May $21.$Prepare an income statement.Prepare a statement of owner's equity.

Income$-$Statement

For the Year Fnded May $31,20$Y$7$

Prepare a balance sheet.

May $31$: Paid for purchase of May $21,$ less return of May $24.$

At the end of May, the following adjustment data were assembled.

a$.$ Merchandise inventory on May $31$ $$585,200$

b$.$ Insurance expired during the year $12,000$

c$.$ Store supplies on hand on May $314,000$

d$.$ Depreciation for the current year $14,000$

e$.$ Accrued salaries on May $31$:

Sales salaries $$7,000$

Office salaries $6,60013,600$

f$.$ The adjustment for customer refunds and allowances is $$60,000.$

Please help with the attached images... THANK YOU IN ADVANCE!! $($I was only allowed to submit one photo, my apologies$)$