Please provide answer to attached image accounting problem

Account Accounts payable AccfDep. Building Acc/Dep, Equipment Accounts receivable Notes receivable Bank loan Building Computer Cash Dividends Equipment Income taxes payable Acc/Dep. Computer Land Office Supplies Mortgage payable Prepaid insurance Share capital Retained earnings, startof year Net income Other information: Other Information: 2024 $ 18,000 32,000 16,000 16,000 30,000 10,000 80,000 10,000 60,000 8.000 20,000 13,000 2,000 20,000 6,000 75,000 1 tooo 50.000 2029 $ 15,000 16,000 12,000 14,000 20,000 25,000 80,000 iO,00 5.000 20,000 5,500 20,000 5,500 80,000 1 ,ooo 50,000 1.000 a. SIO,OOO ot tho December 31 , 2023 note receivablewere collected in 2024. The company expects to cotteet $20,000 ot the notes receivable listed in 2024 in the next year. b. Thecompany expects to payoff $8,0000ttno bank loan and $10,000 Off the mortgage in 2025. c. Thecompanyusesstraight-linedepreciation Property, Plantand Equipment. Therewere no additions to PPE in 2023 Required: 1, Calculate net income tor 2023 and 2024 usingthe T account method shown in class. 2. Prepare a classified statementotfinancial position. Assume all accounts have normat balances. Disclose the carrying amount for Property, Plant and Equi pment and ma ke a note to disclose the details. See requirement 4. 3. Commentonthe company's ability to satisfy its debts that they must payin 2025. 4. Refer to BDCC's note,l shown in this chapter. Preparea note to financial statements that discloses the details of Property. Plant and Equipment- Choose any number you want for the note-