Please help and explain so I can understand.

Antioch Company makes eBook readers. The company had the following amounts at the beginning of Year 2: Cash, $664,000; Raw Materials Inventory, $69,000; Work in Process Inventory, $19.000; Finished Goods Inventory, $46,000; Common Stock, $585,000; and Retained Earnings. $213,000. Antioch experienced the following accounting events during Year 2. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $26,000 of research and development costs. 2. Paid $52,000 for raw materials that will be used to make eBook readers. 3. Placed $98,000 of the raw materials cost into the process of manufacturing eBook readers. 4. Paid $64,000 for salaries of selling and administrative employees. 5. Paid $105,000 for wages of production workers. 6. Paid $171,000 to purchase equipment used in selling and administrative offices. 7. Recognized depreciation on the office equipment. The equipment was acquired on January 1, Year 2. It has a $11,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost - salvage) + useful life). Specifically. ($171,000 - $11,000) + 8 = $20,000. 8. Paid $125,000 to purchase manufacturing equipment. 9. Recognized depreciation on the manufacturing equipment . The equipment was acquired on January 1, Year 2. It has a $21,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost - salvage) + useful life]. Specifically, ($125,000 - $21,000) + 8 = $13,000 10. Paid $51,000 for rent and utility costs on the manufacturing facility. 11. Paid $70,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse 12. Completed and transferred eBook readers that had total cost of $255,000 from work in process inventory to finished goods. 13. Sold 960 eBook readers for $429,000. 14. It cost Antioch $182,400 to make the eBook readers sold in Event 13. Required: a. Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model. 0-1. Prepare a schedule of cost of goods manufactured and sold for the year. c-2. Prepare a formal income statement for the year. c-3. Prepare a balance sheet for the year