Sorry for posting this a 2nd time but some of the answers were right and some were wrong ( can you just double check them for me when you get a chance please) thanks for your time

To support herself while attending school, Daun Deloch sold stereo systems to other students. During the first year of operations, Deloch purchased the stereo systems for $143,000 and sold them for $268,000 cash. She provided her customers with a one-year warranty against defects in parts and labor. Based on industry standards, she estimated that warranty claims would amount to 4 percent of sales. During the year, she paid $2,230 cash to replace a defective tuner.

Required

1. a-1. Prepare an income statement for Delochs first year of operation.
2. a-2. Prepare a statement of cash flows for Delochs first year of operation.

Prepare an income statement for Delochs first year of operation.

Prepare a statement of cash flows for Delochs first year of operation. (Cash outflows should be indicated with a minus sign.)