Please include all steps and formulas that are used.

Financial Transactions Reports (30 Points) (File Response) Attach a file with the following reports: A. The transaction postings per account: Asset, Liability, Equity, Expenses, and income B. Determine the Cost of Manufactured Goods and the Cost of Goods Sold C. The summary reports for the Balance Sheet and for the Income Statement Transactions: 1. $10,000 dollars were received as Market Share eamings and deposited in cash. 2. 200 material units were purchased for production by using a loan of $4,000. 3. New packaging equipment was purchased using a loan of $9,000. The equipment has a life of 8 years and a residual value of $1,000. 4. The equipment is depreciated for one year. 5. Of the materials units, 140 were used in production. 6. Electricity (Power) was paid for $470. 7. The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 8. Sales department costs were paid in the amount of $1,500 9. The Distribution costs were paid for the amount of $2,000. 10. A sales of 130 products were done at $80 per product. Financial Transactions Reports (30 Points) (File Response) Attach a file with the following reports: A. The transaction postings per account: Asset, Liability, Equity, Expenses, and income B. Determine the Cost of Manufactured Goods and the Cost of Goods Sold C. The summary reports for the Balance Sheet and for the Income Statement Transactions: 1. $10,000 dollars were received as Market Share eamings and deposited in cash. 2. 200 material units were purchased for production by using a loan of $4,000. 3. New packaging equipment was purchased using a loan of $9,000. The equipment has a life of 8 years and a residual value of $1,000. 4. The equipment is depreciated for one year. 5. Of the materials units, 140 were used in production. 6. Electricity (Power) was paid for $470. 7. The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 8. Sales department costs were paid in the amount of $1,500 9. The Distribution costs were paid for the amount of $2,000. 10. A sales of 130 products were done at $80 per product