Prepare the following financial statements for Bozeman Ski Shop, Inc. for 2019; a Multi-Step Income Statement, the Statement of Stockholders Equity, and a Classified Balance Sheet, using the accrual basis of accounting.

The following transactions occurred during 2019; the first year of operations for the Bozeman Ski Shop, Incorporated.

1. BSS, Inc. was organized as a corporation in Montana on January 1, 2019. BSS sold 20,000 shares of common stock at $10 per share.

2. On Jan. 1, 2019 a ski tuning machine was purchased for $50,000. It will be used for 5 years. The straight-line method will be used, and there is no salvage value.

3. The business paid $250,000 in cash to vendors for skis.

4. A building was rented (including insurance and utilities) for 12 months at $2,500 per month; all twelve-monthly payments were paid in cash during the year.

5. In 2019, cash paying customers bought $250,000 of ski merchandise.

6. Employees were paid $110,000 for wages in 2019, which includes a $30,000 salary to the owner/manager.

7. The business also purchased $50,000 of skis on account from vendors. This amount was still owed at December 31, 2019.

8. The business also sold $150,000 of skis to customers on account. This amount was still owed at December 31, 2019.

9. The year-end inventory taken on 12/31/2019 of unsold ski merchandise amounted to $100,000 at cost.

10. On December 15^th, 2019 the corporation declared and paid cash dividends of $.50 per share.

11. The corporate income tax rate is 30%, and the income taxes will not be paid until the end of February 2020.

Having trouble with most of these journal entries. Any help would be greatly appreciated!