Please answer all parts General Journal, General ledger, trial balance, income statement, balance sheet and analysis. Please show work and answer all parts of the questions.

On January 1, 2021, Displays Incorporated had the following account balances: From January 1 to December 31 , the following summary transactions occurred: a. Purchased inventory on account for $348,000. b. Sold inventory on account for $660,000. The cost of the inventory sold was $328,000. c. Received $592,000 from customers on accounts receivable. d. Paid freight on inventory received, $42,000. e. Paid $338,000 to inventory suppliers on accounts payable of $345,000. The difference reflects purchase discounts of $7,000. f. Paid rent for the current year, $60,000. The payment was recorded to Rent Expense. g. Paid salaries for the current year, $168,000. The payment was recorded to Salaries Expense. On January 1, 2021, Displays Incorporated had the following account balances: From January 1 to December 31 , the following summary transactions occurred: a. Purchased inventory on account for $348,000. b. Sold inventory on account for $660,000. The cost of the inventory sold was $328,000. c. Received $592,000 from customers on accounts receivable. d. Paid freight on inventory received, $42,000. e. Paid $338,000 to inventory suppliers on accounts payable of $345,000. The difference reflects purchase discounts of $7,000. f. Paid rent for the current year, $60,000. The payment was recorded to Rent Expense. g. Paid salaries for the current year, $168,000. The payment was recorded to Salaries Expense