Please help to create a summarized income statement, a statement of stockholders' equity for the year, and prepare a balance sheet at December 31. I have included screenshots of the information needed to complete this:

Please make sure you are using the correct numbers from the relevant information I provided! Thank you and thumbs up!!

! Required information [The following information applies to the questions displayed below.] Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Cash $ 25,800 Receivables from customers (all considered collectible) 12,100 75,000 Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion 42,300 Accounts payable owed to suppliers 47,140 Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue 1,900 119,000 86,200 Expenses, including the cost of the merchandise sold (excluding income taxes) Income tax expense at 30% x pretax income; all paid during the current year Common stock (December 31) 93,400 Dividends declared and paid during the current year 10,200 (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) Required: 1. Prepare a summarized income statement for the year. HIGHLIGHT CONSTRUCTION COMPANY Income Statement For the Year Ended December 31, Current Year Prepare a statement of stockholders' equity for the year. HIGHLIGHT CONSTRUCTION COMPANY Statement of Stockholders' Equity Common Stock Retained Earnings Balance January 1, Current year Balance December 31, Current year Prepare a balance sheet at December 31. HIGHLIGHT CONSTRUCTION COMPANY Balance Sheet $ $ 0 0 0 0