Please help me fill out the income statement and balance sheet using the format provided below. thank you #10

Required information Problem 10-26A (Algo) Service versus manufacturing companies LO 10-4 [The following information applies to the questions displayed below.) Solomon Company began operations on January 1, Year 1, by issuing common stock for $40,000 cash. During Year 1, Solomon received $51,000 cash from revenue and incurred costs that required $39,000 of cash payments. Problem 10-26A (Algo) Part Prepare a GAAP-based income statement and balance sheet for Solomon Company for Year 1, under the following independent scenario: c. Solomon is a manufacturing company. The $39,000 was paid to purchase the following items: (1) Paid $3,900 cash to purchase materials that were used to make products during the year. (2) Paid $620 cash for wages of factory workers who made products during the year. (3) Paid $14,980 cash for salaries of sales and administrative employees, (4) Paid $19,500 cash to purchase manufacturing equipment. The equipment was used solely to make products. It had a four-year life and a $2,300 salvage value. The company uses straight-line depreciation. (5) During Year 1, Solomon started and completed 2,100 units of product. The revenue was earned when Solomon sold 1,800 units of product to its customers. Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare an Income Statement. (Round your intermediate calculations to 2 decimal places.) SOLOMON COMPANY Income Statement for Year 1 $ 0 $ 0 insan Balance Sheet > Complete this question by entering your answer in the tabs below. Income Statement Balance Sheet Prepare a balance sheet. (Amounts to be deducted should be indicated with a minus sign.) SOLOMON COMPANY Balance Sheet as of 12/31/1 Assets Total assets $ 0 Equity Total equity $ 0