Part Two : Answer the Following Questions

$1-$ You decide to open a concession stand to sell snacks and drinks at the little league baseball field.

You have the following transactions occur from April to June.

a$.$ purchase snacks and drinks on account for $$2,300$

b$.$ pay $$2,500$ for snacks and drinks

c$.$ pay $$600$ to the city for the use of the snack shack during this period

d$.$ pay yourself $$1,500$ in wages to work the snack shack during this period

e$.$ pay $$166$ for menu boards and racks to hold the drinks and snacks

f$.$ pay $$175$ for ice to keep the drinks cold

g$.$ receive $$3,000$ from family members at the beginning of April in exchange for ownership

h$.$ sell $$4,600$ in drinks and $$3,340$ in snacks for cash during the summer that cost a total of $$2,100$

i$.$ borrowed $$2,000$ from your parents to make sure you didn't run out of cash

Prepare an income statement, balance sheet, and statement of cash flows for the period April $1$st to June $30$th$.$

$2-$ Following is a list of accounts from the December $31$st for Al$-$Naser Company.

Prepare a balance sheet and an income statement in proper form.

$\backslash$table$[[$Accounts Payable,$14,$Loss on Sale of Land,$9],[$Notes Receivable $(3$ year$),8,$Common Stock,$10],[$Treasury Stock,$5,$Retained Earnings,??