Prepare the journal entries that accurately capture the events that happened in the year 2014. Prepare the Balance Sheet, Income Statement, and Statement of Cash Flows for the year ending December 31, 2014.

2013 balance sheet and Income statement for reference.

Events that took place in 2014: 1. Sales for the year amounted to $300,000. This year, the business began accepting payment by credit card. Approximately half of the year's sales were credit card sales. The bank charged the business a 3% fee on gross sales. 2. The company that manufactured the frozen yogurt machines introduced a new and improved Model FZ2000. Priced at $27,000, the FZ-2000 boasted double the capacity and efficiency of the FZ-1000. This significantly affected the market value of the FZ-1000. A brand new FZ-1000 machine now only cost $20,000 3. In the beginning of the year, Antonio decided to put the large cash balance at hand to better use and invested $30,000 in three-year Treasury Bills. The bills paid a coupon of 6% annually. 4. There were no new purchases of Property, Plant, and Equipment during the year. 5. In line with the rental agreement, the rent increased by $1,000 per month for 2014 , effective January 1 . 6. Purchases for the year, all on account, amounted to a total of $120,000. At the end of the year, there was still an amount of $29,000 due to the supplier. 7. A quick check with the storekeeper revealed that raw material costing approximately $15,000 was still in inventory at year end. 8. Antonio promptly settled all taxes and salaries owed from the previous year. The tax rate in 2014 was the same as in 2013. 9. Other operating expenses for the year were as follows: 10. A cash dividend of $12,500 was paid for the year 2014 . Balance Sheet and Income Statement