Please show me step by step of who its done.

EXd treult - Chapter 12 1150 rations income Statement for 2011 and its comparative balance sheets for 2011 and 2010 are presented below. The company's records for 2011 provide this additional information: d. Solid long-term investments that cost $35.000 for a gain of $6,250. Made other long-term, investments in the amount of $10,000. be purchased five acres of land to build a parking lot for $12,500. Sold equipment that cost $18750 and has an accumulated depreciation of $12,650 at a loss of $1,150. Purchase new equipment for $15,000. d. Repaid notes payable in the amount of $50,000. Borrowed $15,000 by signing new notes payable. e. Converted $50,000 of bonds payable into 3,000 shares of common stock. f. Reduced the Mortgage Payable amount by $10,000. 8. Declared and paid cash dividends of $25,000. h. Purchased treasury stock for $5,000. 137.15o Lola Corporation 0,250 Income Statement pur (10,000) Period Ending December 31, 2011 $ 825,000 Net Sales (25.000) Cost of Goods Sold $ 460,000 Gross Profit $ 365,000 av - 6,000 o $ 235,000 Operating Expenses (include Depreciation Expense of $6,000 on buildings and $11,550 on equipment and amortization expense of $2,400) Operating income 52,925 (0.925 $ 130,000 109,000 Other Income (Expenses) Interest Expense Dividend income - Gain on Sale of Investments Loss on Disposal of Equipment Income before Taxes Income Tax Expense Net Income $ (27,500) $ 1,700 $ 6,250 S (1,150) $ (20,700). $ 109,300 S 26,100 $ 83,200