Please make a balance sheet and income statement. I dont need the journal entries btw.

One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: The following information is relevant to the first month of operations in the following year: - OTP will sell inventory at $140 per unit OIP's January 1 inventory balance consists of 50 units at a total cost of $2,000,01P 's policy is to use the FFO method, recorded using a perpetuat inventory system. - In December. OTP recelved a \$5,600 payment for 40 units OTP is to deliver in January, this obligation was recorded in Deferred Revenue. Rent of $1,400 was unpaid and recorded in Accounts Payable at December 31. - OTP's notes payable mature in three years, and accrue interest at a 10% annual rate. Jonuary Transactions a. Included in OTP's January 1 Accounts Recelvable balance is a $2.400 balance due from Jeff Letrotski. Jeff is having cash flow problems and cannot pay the $2.400 balance at this time. On 01/01, OTP arranges with Jeff to convert the $2,400 balance to a sixmonth note, at 10\% annual interest. Jeff signs the promissory note, which indicates the principal and all interest will be due and payable to OTP on July 1 of this year b. OTP pald a $560 insurance premium on 01/02, covering the month of January; the payment is recorded directly as an expense. c. OTP purchased an additional 200 units of inventory from a supplier on account on 0105 at a total cost of $8,000, with terms n/30. d. OTP paid a courier $400 cash on 0vOS for same-day dellvery of the 200 units of inventory. e. The 40 units that OTP's customer pald for in advance in December are delivered to the customer on 0106. t On 0107, OTP received a purchase allowance of $1,200 on account, and then paid the amount necessary to settle the balance owed to the supplier for the 105 purchase of inventory (in c) g. Sales of 60 units of inventory occurring during the period of 01/07-01/10 are recorded on 01/10. The sales terms ate n/30, h Collected payments on 01/14 from sales to customers recorded on 0110. 1. OTP paid the first 2 weeks' wages to the employees on 01/16. The total paid is $2,880. 1. Wrote off a $950 customer's account balance on 01/18. OTP uses the allowance method, not the direct write-off method k. Paid $2.800 on 01/19 for December and January rent. See the earlier bullets regarding the December portion. The January portion will expire soon, so it is charged directly to expense. 1. OTP recovered $430 cash on 01/26 from the customer whose account had previously been written off on 01/18. m. An unrecorded $300 utility bill for January artived on 01/27. it is due on 02/15 and will be pald then. n. Sales of 70 units of inventory during the period of 01/1001/28, with terms n/30, are recorded on 01/28. o. Of the sales recorded on 01/28, 10 units are returned to OTP on 01/30. The inventory is not damaged and can be resold. OTP charges sales returns to a contra revenue account. p. On 01/31, OTP records the $2,880 employee salary that is owed but will be pald February 1 q. OTP uses the aging method to estimate and adjust for uncollectible accounts on 01/31. All of OIP's accounts fecelvable fall into a single aging category, for which 10% is estimated to be uncollectible. (Update the balances of both relevant accounts ptior to determining the appiopiate adjustment.) 1. Accrue interest for January on the notes payable on 01/31 5. Accrue interest for January on Jeff Letrotskiss note on 01/31 (see a)