The following transactions pertain to 2018, the first-year operations of Perez Company. All Inventory was started and completed during 2018. Assume that all transactions are cash transactions. 1. Acquired $4,300 cash by Issuing common stock 2. Paid $600 for materials used to produce inventory 3. Paid $1.960 to production workers. 4, Paid $825 rental fee for production equipment. 5. Pald $110 to administrative employees. 6. Paid $107 rental fee for administrative office equipment. 7. Produced 330 units of Inventory of which 220 units were sold at a price of $13 each Required Prepare an income statement and a balance sheet in accordance with GAAP. Complete this question by entering your answer in the tabs below. Income Balance Statem... Sheet Prepare an income statement. (Do not round your intermediate calculations.) PEREZ COMPANY Income Statement for 2018 tament Balance Sheet > The following transactions pertain to 2018, the first-year operations of Perez Company. All Inventory was started and completed during 2018. Assume that all transactions are cash transactions 1. Acquired $4,300 cash by Issuing common stock 2. Paid S6B0 for materials used to produce inventory 3. Pald $1.950 to production workers 4. Paid $825 rental fee for production equipment 5. Paid $110 to administrative employees. 6. Pald $107 rental fee for administrative office equipment. 7. Produced 330 units of Inventory of which 220 units were sold at a price of $13 each Required Prepare an income statement and a balance sheet in accordance with GAAP Complete this question by entering your answer in the tabs below. Income Balance Statem... Sheet Prepare a balance sheet. (Do not round your intermediate calculations.) PEREZ COMPANY Balance Sheet as of 12/31/2018 Assets Total equity