Prepare income statement, equity statement and balance sheet. Thank You.

On December 31, Local Corp is incorporated. It issues shares for $100,000 in cash
The following are the company transactions for December and January:
31-Dec	Local sells shares for $100,000 cash.
10-Jan	Local buys $80,000 of equipment for cash.
12-Jan	Local pays rent for the month of January of $5,000.
14-Jan	Local borrows $20,000 from the bank.
15-Jan	Local buys $25,000 of inventory for cash.
18-Jan	Local sells $10,000 worth of inventory for $28,000 cash.
20-Jan	Local sells $10,000 worth of inventory for $31,000 on account
22-Jan	Local incurs salary expense of $15,000
28-Jan	Local pays employees $9,000 for salaries.
30-Jan	Local incurs and pays $150 interest on the loan.
30-Jan	Local pays a cash dividend of $500
30-Jan	Local incurs tax expense of $1,000.
30-Jan	Local incurs depreciation expense of $1,500 on the equipment.