Please ONLY do the last 2 Pictures the 2020 Income Statement, the rest of the pictures are for your references. Thank you :)

Hassellhouf Company's trial balance at December 31, 2020, is as follows. All 2020 transactions have been recorded except for the items described following the trial balance. Debit Credit Cash $25,000 Accounts Receivable 37,000 Notes Receivable 8,800 Interest Receivable 0 Inventory 36,200 Prepaid Insurance 4,500 Land 20,000 Buildings 136,200 Equipment 60,500 Patents 9,200 Allowance for Doubtful Accounts $550 Accumulated Depreciation-Buildings 45,400 Accumulated Depreciation-Equipment 24,200 Accounts Payable 27,000 Salaries and Wages Payable 0 Unearned Rent Revenue 1,800 Notes Payable (due in 2018) 12,000 Interest Payable 0 Notes Payable (due after 2018) 35,500 Owner's Capital 109,750 Owner's Drawings 12,500 Sales Revenue 901,000 Interest Revenue 0 Rent Revenue 0 Gain on Disposal of Plant Assets 0 Bad Debts Expense 0 Cost of Goods Sold 639,000 Depreciation Expense 0 Insurance Expense 0 0 0 Rent Revenue Gain on Disposal of Plant Assets Bad Debts Expense Cost of Goods Sold Depreciation Expense Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense Total 639,000 0 0 0 61,300 0 107,000 $1,157,200 $1,157,200 1. 2. Unrecorded transactions: On May 1, 2020, Hassellhouf purchased equipment for $15,900 plus sales taxes of $900 (all paid in cash). On July 1, 2020, Hassellhouf sold for $3,500 equipment which originally cost $5,100. Accumulated depreciation on this equipment at January 1, 2020, was $1,800; 2020 depreciation prior to the sale of the equipment was $450. 3. On December 31, 2020, Hassellhouf sold on account $5,000 of inventory that cost $3,300. 4. Hassellhouf estimates that uncollectible accounts receivable at year-end is $4,000. 5. The note receivable is a one-year, 8% note dated April 1, 2020. No interest has been recorded. 6. The balance in prepaid insurance represents payment of a $4,500 6-month premium on September 1, 2020. 7. The building is being depreciated using the straight-line method over 30 years. The salvage value is $33,000. 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost 9. The equipment purchased on May 1, 2020, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,400 10. The patent was acquired on January 1, 2020, and has a useful life of 10 years from that date 11. Unpaid salaries and wages at December 31, 2020, total $2,100. The unearned rent revenue of $1,800 was received on December 1, 2020, for 3 months' rent. Both the short-term and long-term notes payable are dated January 1, 2020, and carry a 9% interest rate. All interest is payable in the next 12 months. 12. 13. Prepare journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. Equipment 16800 Cash 16800 2. Depreciation Expense 3500 2250 Accumulated Depreciation-Equipment (To record depreciation expense.) Cash 650 Accumulated Depreciation Equipment 5100 Equipment 3. 5000 Gain on Disposal of Plant Assets (To record sale of equipment.) Accounts Receivable Sales Revenue (To record sales revenue.) Cost of Goods Sold 5000 Inventory (To record cost of goods sold.) Bad Debt Expense 4000 Allowance for Doubtful Accounts 4000 5. Interest Receivable 528 5. Interest Receivable 528 Interest Revenue 528 6. Insurance Expense 3000 Prepaid Insurance 3000 7. Depreciation Expense 3440 Accumulated Depreciation-Buildings 3440 3. 8. Depreciation Expense 3440 Accumulated Depreciation Equipment 3440 9. Depreciation Expense 1920 Accumulated Depreciation-Equipment 1920 10. Amortization Expense 920 Patents 920 11. Salaries and Wages Expense 2100 Salaries and Wages Payable 2100 12. Unearned Rent Revenue 1800 Rent Revenue 1800 13. Interest Expense 4275 Interest Payable 4275 HASSELLHOUF COMPANY Trial Balance December 31, 2020 Debit Credit Cash $ 45300 $ Accounts Receivable 42000 Notes Receivable 8800 Interest Receivable 528 Inventory 32900 Prepaid Insurance 1500 Land 20000 Buildings 136200 Equipment 72200 Patents 8280 Allowance for Doubtful Accounts 4000 Accumulated Depreciation-Buildings 23092 Accumulated Depreciation Equipment 41960 Accounts Payable 27000 Salaries and Wages Payable 2100 Unearned Rent Revenue 1200 Notes Payable 1200 Interest Payable 4275 Sales Revenue 906000 Interest Revenue 528 Rent Revenue 600 Gain on Disposal of Plant Assets 650 Bad Debt Expense 4000 Cost of Goods Sold 642300 Depreciation Expense 6918 Insurance Expense 3000 Interest Expense 4275 Other Operating Expenses 61300 Amortization Expense 920 Salaries and Wages Expense 109100 Total 1199521 1199521 Prepare a 2020 income statement. HASSELLHOUF COMPANY Income Statement