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Please use the following information (below) to create a financial statements such as a balance sheet, income, cash flow, etc.

Required information [The following information applies to the questions displayed below] Sage Inc. experienced the following transactions for 2018, its first year of operations: 1. Issued common stock for $110,000 cash 2. Purchased $185,000 of merchandise on account. 3. Sold merchandise that cost $162,000 for $322,000 on account 4. Collected $286,000 cash from accounts receivable. 5. Paid $165,000 on accounts payable. 6. Paid $56,000 of salaries expense for the year. 7. Paid other operating expenses of $72,000. 8. Sage adjusted the accounts using the following information from an accounts receivable aging schedule: Number of Days Percent Likely to Be Uncollectible Allowance Past Due Amount Balance $21,600 Current 0.01 9,000 1,800 1,800 1,800 0-30 .05 31-60 61-90 Over 90 days 0.10 0.20 0.50 Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) SAGE INC. Accounting Equation for the Year 2018 Liabilities+ Equity Retained Earnings Assets Accounts Titles for Event Merchandise Inventory Accounts + Accounts Common Stock Retained Earnings Cash Allowance Receivable Payable 1. 2. + . 3b + 4. 5. + 6 7 + _ 8. + Bal. 0+ 0 0+ b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Sage Inc. for 2018 Complete this question by entering your answers in the tabs below. Req B Inc Req B Bal Sheet Req B Stmt Cash Flows Req B Stmt SE Stmt Prepare the income statement for Sage Inc. for 2018. SAGE INC. Income Statement For the Year Ended 2018 Operating expenses Total operating expenses Req B Inc Stmt Req B Stmt SE Complete this question by entering your answers in the tabs below. Req B Bal Sheet Req B Inc Req B Stmt Cash Flows Req B Stmt SE Stmt Prepare the statement of changes in stockholders' equity for Sage Inc. for 2018. SAGE INC. Statement of Changes in Stockholders' Equity For the Year Ended 2018 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders'equity Req B Inc Stmt Req B Bal Sheet >