Song Ha IT Company $($SIT$)$

The following are transactions that occurred in Feb $2024,$ the first month the business was established. Assuming all transactions are in cash, except for other notes.

$1.$ Ms$.$ Song Ha started a business, set up SIT Company, contributed her capital into the company $ $5,000.$

$2.$ SIT has borrowed from Technical Development Bank $($TDB$)$ $ $3,000$ on Feb $1,2024,$ with interest rate of $12\%/$year$,$ principals will be one$-$time repayment on Feb $1,2025$ since interest must paid in cash monthly.

$3.$ Total sales revenue of services in $2/2024$ is $ $1,500,$ of which $30\%$ is owed by customers; The total costs is $ $1,200,$ of which SIT owes the supplier $25\%.$ Corporate income tax will be paid monthly by tax rate of $20\%.$

$4.$ The net profit$/$income for the month is divided to the owner $ $100.$

Required:

Prepare the basic financial statements for February $2024$:

Q$2\mathrm{.}1.$ Income statement to $29/02/2024($IS$).$

Q$2\mathrm{.}2.$ Balance sheet at $29/02/2024($BS$)1.$

Q$2\mathrm{.}3.$ Cash flow statement $($CFS$),$ by direct method.

Q$2\mathrm{.}4.$ Cash flow from operating activity, by indirect method.