please help me create FS and JE

CAPTAIN JET INC.
BALANCE SHEET
DECEMBER 31, 2017
Current Assets
Cash	41,200
Notes Receivable	16,000
Accounts Receivable	38,800
Inventories	40,000
Prepaid Insurance	540
Prepaid Rent	500
Total Current Assets	137,040
Non-Current Assets
Long-term Investments
Investments in held-for-maturity securities	52,000
Land held for future development	44,500
Property, Plant, and Equipment
Land	85,000
Buildings	291,000
Less: Accumulated Depreciation	(187,500)
Intangible Assets
Capitalized Development Costs	8,000
Goodwill	76,000
Other Identifiable Intangible Assets	48,000
Total Non-Current Assets	417,000
Total Assets	554,040
Current Liabilities
Notes Payable	110,000
Accounts Payable	33,500
Unearned Revenues	12,000
Income Taxes Payable	8,440
Property Taxes Payable	6,600
Interest Payable	1,500
Total Current Liabilities	172,040
Non-Current Liabilities
Provisions Related to Pensions	0
Bonds Payable	0
Total Non-Current Liabilities	0
Total Liabilities	172,040
Stockholders' Equity
Common Stock	200,000
Paid-in-capital - Common Stock	37,500
Retained Earnings	152,250
Accumulated Other Comprehensive Income	5,000
Less: Treasury Stock	(12,750)
Total Stockholders' Equity	382,000
Total Liabilities and Stockholders' Equity	554,040

The 2017 balance sheet of the Captain Jet Inc. is attached. During 2018, the following events occurred.

1. On January 10, sell merchandise on account to Rayms $9,600 and Fischer $8,800.

2. On January 12, purchase merchandise on account from Zapfel $3,000 and Liotta $2,400.

3. On January 13, Receive checks, $4,000 from Longhini and $2,000 from Hall, for sales on account.

4. On January 15, send checks to Joosten for 9,000 and to Maida for $11,000 for merchandise purchased last year.

5. On January 16, issue credit of $400 to Fieber for merchandise returned. Hint: you need to create a "sales returns" account, which is a contra account for "sales revenue" on the income statement; meanwhile reduce accounts receivable. Inventory and COGS need to be adjusted accordingly as well.

6. On January 21, pay off the balances to Zapfel and Liotta for the purchases on January 12.

7. Summary monthly cash sales (for January) total $15,500.

8. On Feburary 9, receive payment in full from Rayms and Fischer.

9. On March 1, pay rent of $6,000 for a two-year term, effective on the day of purchase.

10. On April 1, sell merchandise on account to Dunlap $1,600.

11. On May 1, pay $400 cash for office supplies. All supplies are expensed right away.

12. Cash dividends totaling $800 are declared and paid on June 13.

13. On July 1, wrote a note to bank and borrowed $120,000 (one year, annual interest rate 3%) .

14. On July 5, purchase merchandise from Maida for $33,000 on account

15. On July 7, issue common stock 1000 shares, $10 par, in exchange of a land with a fair market value of $15,000.

16. On July 8, return $200 of merchandise to Maida and receive credit.

17. On August 1, sell merchandise to Lachey on account for $26,000.

18. On August 5, Pay off the balance to Maida.

19. On August 10, receive half of the payment from Lachey.

20. On August 14, expect $1,300 bad debt from Tooket and directly write it off from accounts receivable.(Hint: you need to record "bad debt expense" and reduce accounts receivable)

21. On August 30, Pay utitlities expense, $10,902.

Additional Information at the end of the year:

1. Depreciation expense for the year was $14,250.

2. The company estimated that it has to pay federal income tax, $290.

3. The company adopts the perpetual inventory system and cost of goods sold is half of the selling price before discount.

4. On December 31, An unpaid utilities bill (December, $1,250) is due on January 10 next year.

Instructions:

4. Prepare Income Statement, Retained Earnings Statement and Balance Sheet (in sheet "FSs").

5. Prepare closing entries (in sheet "Closing").