Please help me, I am looking for clarification and steps to on how to solve. The entire set is one problem. If possible, can you please keep the column format they have to avoid confusion.

COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) Poge 124 COMPREHENSIVE PROBLEM 2 REQUIREMENTS (1) Prepare journal entries to record (2) the merchandising tronsactions below for January 2019, assuming that the perpetual inventory system is used: Check figuce Total Debits: $287 480 Prepare journal entries to record additional t Accounts Receivable related to uncollectible accounts ronsoctions (a) and (b) on the following page for (3) Kauai Cookie Company, Inc.'s fiscal year ends on December 31. Using the December 31, 2019 Adjusted Trial Balance (accounts listed in alphabetical order), prepare in good form, the 2019 fiscal year financial statements (a) Detailed, Multistep Income Statement (include earnings per share: there were 50,000 shares of Check figure: Net Income $267 800. common stock outstanding throughout the year (b) Retained Earnings Statement: Check figure: Retained Earnings, December 31, 2019 $781,730. (c) Classified Balance Sheet: Check figure: Total Assets $2,342,600. Calculate liquidity, profitability,& solvency measures: show all calculations and use the proper notation fr each answer (%, times, $). Round your final answer to at least one decimal place (eg.. for a ratio stated as a percentage, show an amount calculated to be .10463 as 10.5%). (4) Presented below are selected inventory transactions for Kauai Cookie Company. Inc. during January 2019: Jan. 2Sold $10,500 of merchandise on account to Keiki's Place, terms 2/10, n/30, FOB destination. Cost of merchandise, $7,360 5 Paid $200 of shipping costs to Island Freight Co. for the merchandise sold on January 2. 6 Keiki's Place returned $1,200 of merchandise sold on January 2 for credit on account. Cost of 7 Purchased $88,000 of merchandise on account from Confectionary World Corporation, terms 8 Paid $450 of shipping costs to Island Freight Co. for the merchandise purchased on January 7 11 Received payment from Keiki's Place for the balance due from the January 2 sale, less the 13 Sold $14,700 of merchandise for cash to Hula Stores, Cost of merchandise, $10,320. 16 Paid Confectionary World Corporation the balance due from the January 7 purchase (hint 25 Purchased $54,000 of merchandise on account from Chocolate Paradise Company, terms n/30. 29 Returned, for credit on account, $2,600 of merchandise purchased from Chocolate Paradise merchandise returned, $850. 1/10, n/30, FOB shipping point, January 6 return (hint: payment is within the discount period). payment is within the discount period). Company on January 25 Page 125 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) Assume that Kauai Cookie Company, Inc. has a beginning of the year bo Accounts of $6,450. On December 31, (a) Record the (b) After recording (a) above, management the follewing events occurred related to accounts receivables: events oc write-off of $5,900 of uncollectible accounts receivable due from customers. following oging prevides the following eging schedule of accounts receivable. err the year end adjusting jeum the percentage of receivables basis from the aging schedule. the allowance method, estimated using ccouts Estimated Percentege Estimated Uncollectible Amount Receivable $118,000 16,900 11,250 8,350 Over 90 days past due3000 Current Accounts -30 days past due 31-60 days past due 61-90 days past due Uncollectible 2% 5% 10% 20% 50% Totals $157.502 INFORMATION FOR REQUIREMENT (3) After the transactions from requirements (1) and (2), as well as other transactions for the year were posted to the accounts, Kauai Cookie Company, Inc.'s December 31,2019 fiscol yegr-end adjusted trial balance (accounts are listed in alphabetical order) is as follows KAUAI COOKIE COMPANY, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, 2019 DEBIT CREDIT ACCOUNT TITLES 195,870 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation- Equipment Advertising Expense Allowance for Doubtful Accounts Bad Debt Expense Bonds Payable (due in 20 years) Building Cash Common Stock (50,000 shares outstanding) $ 157,500 112,680 44,260 128,200 7,500 6,950 375,000 570,520 104,250 512500 Poge 126 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) ACCOUNT TITLES DEBIT CREDIT 2,470,600 30,900 62,500 281,320 10,860 186,000 Cost of Goods Sold Depreciation Expense Dividends (Declared) Freight-Out Expense Fund Held to Pay Long-Term Debt Gain on Sale of Equipment 18,500 270,500 81,060 Goodwill Income Tax Expense Income Taxes Payable 52,820 Insurance Expense 67,300 68,940 Interest Expense Interest Payable 26,250 27,300 Interest Revenue Inventory 330,780 324,000 Land Mortgoge Payable ($13,500 due within one year) Notes Payable (due in 9 months) 90,000 Notes Receivable (due in 2 years) 112,000 Prepaid Insurance 21,140 Retained Earnings (Tanuary 1, 2019) 576,430 Salaries & Wages Expense Salaries & Wages Payable Sales Discounts Sales Returns Sales Revenue Short-Term Investments Supplies Supplies Expense Trademarks 543,140 33,900 19,130 57,370 3,852,980 80,030 6,300 99,070 62,700 Unearned Revenue 4,530 Utilities Expense 47.460 Totals COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) Page 127 DATE GENERAL JOURNAL CREDIT ACCOUNT TITLES DEBIT 2019 REQUIREMENT (1) JOURNAL ENTRIES Page 128 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) GENERAL JOURNAL DEBIT CREDIT DATE ACCOUNT TITLES 2019 REQUIREMENT (2) JOURNAL ENTRIES: (a) Dec. 31 (b) Dec. 31 Poge 129 COMPREHENSTVE PROBLEM 2 (CHAPTERS 2, 5-8) KAUAI COOKIE COMPANY. INC. INCOME STATEMENT Complete the date line > Page 130 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) KAUAI COOKIE COMPANY, INC RETAINED EARNINGS STATEMENT Complete the date line> Page 131 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) KAUAI cOOKIE COMPANY, INC. BALANCE SHEET Complete the date line Page 132 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) BALANCE SHEET (CONTINUED)