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thank you for the help! McGuire Corporation began operations in 2024, The company purchases computer equlpment from manufacturers and then seils to retall stores. During

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McGuire Corporation began operations in 2024, The company purchases computer equlpment from manufacturers and then seils to retall stores. During 2024 , the bookkeeper used a check register to record all cash receipts and cash disbursements. No other journals were used. The following is a recap of the cash receipts and disbursements made during the year. You are called in to prepare financial statements on December 31, 2024. The following additional information was provided to you. 1. Customers owed the company $19,000 at year-end 2. At year-end, $29.400 was still dive to suppliers of inventory purchased on credit. 3. At year,end, inventory costing $46,400 still rensained on hand. 4. Salaries owed to employees at year-end amounted to $5,100. 5. On December 1, $3,150 in rent was paid to the owner of the boilding used by McGuire. This represented rent for the months of December through February. 6. The office equipment, which has a ten-year ife and no salvage value, was purchased on January 1, 2024, Straight-line depreciation is used. Required: Prepare an income statement for 2024 and a balance sheet as of December 31, 2024. Prepare a balance sheet as of December 31,2024 . Note: Amounts to be deducted should be indicated bv a minus sion

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