prepare the balance sheet at the end of the 2018 year

rosoft Office Picture Manager Edit View Picture Tools Help aortcuts... BE A X3 100% E A Edit Pictures... Auto Correct Problem1-2. K Co. started operation on 1/2/2018. The accounting period is from 1/1/2018 to 12/31/2018. On 1/1/2018, the company's B/S is: cash Inventory 5000 700 B/S Note payable Contributed capital retained earnings 1000 4000 700 total assets 5700 total liabilities and equities 5700 1/1: K. Co. received cash $10000 from owners 2/1: K Co. paid cash 1200 in advance for the one-year (2/1/2018 to 1/31/2019) office lease. 5/1: K. Co. purchased three products for resale and paid cash $2100 ($700 per each) 7/1: K. Co. sold one item and received cash $750 8/1: K. Co. paid cash $1500 for employee wages accrued. 9/1: K. Co. sold one item and received cash $1500 12/31: K. Co made an adjustment for the lease paid on 2/1. Problem 1. Please prepare the income statement for the 2018 year (10 points) Zoom Screenshot_2019 1002-170210_Hancom Office Editor (1)