record all finacial statements Owners equity, income statement, balance sheet and statement of cash flow.

Listed below are the accounts for Dave's Dirt Bikes, Inc. at December 31 and their balances. The December 31, 2020 amounts listed for the income Statement accounts are before the closing entry has been posted. The amounts for the Balance Sheet accounts are after the closing entry has been posted 2020 2019 Cash $ 79,800 Net Accounts Receivable 165,000 $ 75,000 150,000 72,000 Inventory 85,000 4,000 Prepaid Insurance Building Land 100,000 60,000 120,000 95,000 10,000 Equipment Accumulated Depreciation Security Deposit Accounts Payable Salarios Payable Taxes Payable Note Payable Common Stock Retained Earnings Advertising Expense Cost of Goods Sold 1,200 100,000 60,000 150,000 120,000 8.000 65,000 15,000 8,000 80,000 13,000 4,000 50,000 40,000 220,000 181,000 210,000 139,000 12,000 530,000 00 708 PM 10/15/2020 Cost of Goods Sold 530,000 25,000 Depreciation Expense Interest Expense Insurance Expense 5,000 18,000 Rent Expense 24,000 950,000 Sales Salary Expense Tax Expense 250,000 16,000 Utilities Expense 17.000 Dave's beginning balance in Retained Earnings was $130,000 and the beginning Common Stock balance was $210,000. The company had 5,000 shares of common stock outstanding at the beginning of the year. The corporation issued 200 shares of common stock on March 31st 2020. The Note Payable requires annual payments of $10,000 on principal plus interest at 10% on December 31s! Hint: You might want to draft the financial statements in order to answer the following questions