please answer the questions above

The following information is provided for the company 'DigitCNC' (figures are in ): Common stock ? Land improvements 5,000 Interest expense 10,000 Short-term loans payable 20.000 Plant & Equipment 15,000 Vehicles 20,000 Purchases 450,000 Sales 740,000 Land 20,000 Accounts receivables - net 20,000 Sales discounts 20,000 Opening inventory 120,000 Long-term debt 70,000 Creditors 35,000 Buildings 30,000 Closing inventory 70,000 Cash and cash equivalents 30,000 Beginning Retained earnings 0 Accrued compensation and 10,000 Selling, general and 170,000 benefits administrative expenses Using this information and also considering that there is no taxation and no decision for dividends distribution, you are required to: a. Prepare the income statement for the company 'DigitCNC', using a multi-step format with four measures of profitability: gross profit, operating income, pretax income and net income. (5%) b. Calculate the Current period's retained earnings. (5%) c. Prepare the balance sheet, considering the groups: current assets, noncurrent assets, current liabilities, long-term liabilities, stockholders' equity. (10%)