The following transactions pertain to 2015, the first-year operations of Bailey Company. All inventory was started and completed during 2015. Assume that all transactions are cash transactions.

1.	Acquired $4,500 cash by issuing common stock.
2.	Paid $630 for materials used to produce inventory.
3.	Paid $1,840 to production workers.
4.	Paid $1,450 rental fee for production equipment.
5.	Paid $130 to administrative employees.
6.	Paid $111 rental fee for administrative office equipment.
	7. Produced 350 units of inventory of which 210 units were sold at a price of $13 each a-1)prepare an income statement (do not round imediate calucalations) a-2) prepare a balance sheet a-3) prepare a statement of cash flows (do not round immediate calculations. Amounts to be deducted should be indicated with a minus sign)