Post the following transactions to the T-Accounts, then prepare 12/31/2006 Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flow. 1/7/06 Collected $80,000 on Accounts Receivable 1/15/06 Sold an additional 100,000 shares at $5 per share 2/1/06 Made a sale of $90,000 on account. Cost of inventory sold was $65,000 2/15/06 Bought merchandise inventory for $70,000 cash 3/1/06 Paid vendors $16,000 cash on Accounts Payable 6/30/06 Made payment of $25,000 on Notes Payable 7/1/06 Purchased $10,000 worth of store equipment for Cash. 11/30/06 Made a sale of merchandise for $50,000 cash which reduced inventory $30,000 12/15/06 Declared and paid a $20,000 dividend to shareholders 12/31/06 Recorded $3,000 Rent Income from Unearned Income 12/31/06 Recorded Depreciation for year on equipment of $1,000 12/31/06 Recorded expiration of 1-year prepaid rent expense for $2,000 12/31/06 Sold equipment for $1,000 cash which cost $1,000 when purchased new. The equipment was sold before recording any depreciation