Please input the income statement, statement of retained earnings, and balance sheet on the last image. I am unsure of how to do it.

SOO Managerial Accounting Sierra Corporation - Financial Accounting Review Sierra Corporation, which purchases outdoor clothing and equipment and resells it, began business as a merchandising business on October 1, 20x1. The following transactions took place during October. October 1: Owners invested $125.000 cash in the business, in exchange for 125,000 shares of Sierra Corporation Si par common stock October 1: Sierra borrowed $20,000 on a 3-year, 6%, note payable from Castle Bank October 1: Signed a one-year Pease on a Hepaid s16.360 for a momiths of rent. October 1: Acquired store equipment with a five-year life from Superior Sales for $35.000 cash. The salvage value of the equipment is $5.000. 359 530 October 1: Purchased inventory for $32,000 on account. Sierra usefa perpetual inventory system, October 2: Hired three new employees. October 4: Paid $6,000 for a one-year insurance policy that will expire next year on September 30. October 9: Sales during the grand opening totaled $25,000 and were made on account. The cost of the merchandise was $15,000. October 13: Received payment for the merchandise sold during the grand opening. October 20: Paid $6,750 in salary for October 1st through October 15th payroll. October 25: Purchased inventory on account for 521,200. The cost of the individual inventory items has remained constant October 27: Paid a $350 dividend. Soy the month October 31: Sales for the month of October totaled $21,000. All sales were on account. The cost of goods sold for the month remained constant as a percentage of sales. October 31: Utility expense for the month is $335. The bill will be paid in November October 31: Recorded adjusting entries for October for interest, rent, depreciation, insurance and salaries Required: Prepare journal entries to record the above transactions, determine ending balances in each account and prepare an October 31, 20x1 Income Statement. Statement of Retained Earnings and Balance Sheet in good form. Omit Descriptions. Date Account Title and Description Credit Oct 1 Cash Common Stack 125.000 voni hora Oct 1 Cash 20.000 LT Notes Payabie oct 1 Prepaus Rent Cash 06+1 Sture Equipment 35,000 Cash 35,090 Debit 125.000 . 20,000 - 16.500 r 1 16,500 Credit Debit 32.00 6,000 25.00 15.000 25.030 6,750 21,200 Date Account Title and Description OCH Merchandise lo ventory Aceans Payable bouo Oct 4 Prepand losurance Cash Accounts Recevable 9.5.000 Sales A COGS Merchandise Laventory 150 DE 13 Cowh Account Keusable 25.09 untury genre Oct 20 Salunes Experie 6.750 Cash D+29 Mer handse Laverung Accounts Payable Oct 02 Dividends 350 Cash Oct 1 Account Renewable . 2100 Sales GoGs 12.6.2 Merchedde laverry Interest Ragnar Expense 100 Interest Payable Rent Expense 2750 Prepaid Rest Depreushon Expense 500 Anlated 'Depreyanan Losytuace Experise Prepand lasviance Salaries Expense 6750 Sulanes Payable 350 21.00 12,600 100 2250 52 6750 Accounts Receivable 25.00 25.000 Cash 1/1 125.000 10,5 * 2000 35.c. 25, 4,000 T-Accounts (General Ledger) Merchandise Inventory Prepaid Insurance 32,00 15.00 6,000 L1,239 12.600 5.53 25.0 Prepaid Rent 1014,500 2,75 13,142 4,50 350 Accumulated Depreciation 5. Store Equipment 35.00 Accounts Payable Salaries Payable 6.750 Interest Payable Loo 1,230 735 155.535 Retained Earnings LT Notes Payable 20.000 Common Stock 125.Do 10 Dividends 355 Sales Cost of Goods Sold 15.000 Depreciation Expense SOD Insurance Expense 5. 26.30 4,09 144.00 12, 4 27.6 Salaries Expense Interest Expense Rent Expense 2,753 Utilities Expense 395 Totals - Trial Balance Total DR Balances = $ 251,815 Total CR Balances = $ 251,975 105 631 675 59 46000 27.600 18.400 Sierra Corporation Income Statement For the Month Ended October, 20x1 Sales Cost of Goods sold Gass Profit operating Expense Rent Insurance Deprecation Salanes Utilities other revenue expense Interest 2150 500 520 13,500 335 100 Net Income Sierra Corporation Statement of Retained Earnings For the Month Ended October 31, 20x1 Retained Earning Add net income Deduct dividends. Sierra Corporation Balance Sheet October 31. 20x1