prepair a journal, trial balance, income stament, and cash flow statment.

Event 1 JPS borrowed $4,000 cash by issuing a note payable . Event2 JPS purchased on account merchandise inventory with a list price of $11,00. Event 3 JPS returned some of the inventory purchased in Event 2. The list price of the returned merchandise was $1,000 Event 4 JPS received a cash discount on goods purchased in Event 2. The credit terms were 2/10,n/30 . Event 5 JPS paid the $9,000 balance due on the account payable . Event 6 The inventory purchased in Event 2 was delivered FOB shipping point . JPS paid the freight company S300 cash for delivering the merchandise. Event 7a JPS recognized $24,750 of revenue on the cash sale of merchandise that cost $11,500 . Event 76 JPS recognized $11,500 of cost of goods sold, Event 8 JPS paid $450 cash for freight costs on inventory delivered to customers. Event 9 JPS paid $5,000 cash for selling and administrative expenses . Event 10 JPS paid $80 cash for interest expense on the note payable described in Event 1. Event 11 JPS sold the land that had cost $5,500 for $6,200 cash