Please answer the following Accounting questions correctly showing all work and steps needed to complete it.

2. Conceptual Framework Review What is the primary objective of accounting information? a. Relevance b. Usefulness c. Understandability d. Consistency e. None of the above 3. Income Statement Now consider these 3 events, which occurred during the year 2015 M-Ross, Inc. sells $5,000 in merchandise M-Ross, Inc. pays employee wages of $3,000 . M-Ross, Inc. pays rent for a warehouse of $1,000 Create a basic income statement. You may refer to illustration 1.1 in the book as a template. How much profit did Ross Inc. make in 2015? 4. The Accounting Equation 4.1: If assets increase $210,000 during a given period and liabilities increase $65,000 during the same period, stockholders' equity must a. Increase by 145,000 b. Increase by 275,000 c. Decrease by 275,000 d. Decrease by 145,000 e. None of the above