The last picture is what I came up with but it says it is wrong. Can someone please help me? Thanks.

I was not given last years information. This is the only information I was given.

Requirement 2. Prepare CRRC's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses listed together. Classic Reserve Rare Coins Income Statement Year Ended December 31, 2018 Revenue: Sales Revenue $ 825,000 $ Expenses: Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense Total Expenses 290,000 18,000 94,000 9,800 23,000 434,800 $ 390,200 Net Income . . .. . .. 242040 Requirement 3. Prepare CRRC's balance sheet at December 31, 2018. Assets Current Assets: Cash Classic Reserve Rare Coins Balance Sheet December 31, 2018 Liabilities Current Liabilities: $ 394,000 Accounts Payable 165,000 Salaries Payable 275,000 Total Current Liabilities 834,000 $ 90,000 7,000 Accounts Receivable Merchandise Inventory 97,000 Total Current Assets Stockholders' Equity Common Stock Property, Plant, and Equipment: Store Fixtures Less: Accumulated Depreciation $ Retained Earnings 49,000 (9,800) 425,000 351,200 776,200 39,200 Total Stockholders' Equity $ 873,200 $ 873,200 Total Assets Total Liabilities and Stockholders' Equity Renuirement Pranaro CRRC's statement of rach flours ricing the indirert method for the vaar anded Neramher 31 2018 Ilco a minus cinn nr a crease in casa DOX NO Sen the statement, leave the box empty, co no Requirement 4. Prepare LKL 3 statement or can now using the movemento for the year encea vecember 31, 2018 Use a minus sign or parenteses tor amounts arreu select a label or enter a zero. Enter for a zero cash balance) Complete the statement one section at a time, beginning with the cash flows from operating activities 390200 Classic Reserve Rare Coins Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Merchandise Inventory Increase in Salaries Payable 9800 90000 (165000) 275300) 7000 (333200) 157000) Net Cash Provided hulleed fnri Oneratinn Activities Requirement 2. Prepare CRRC's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses listed together. Classic Reserve Rare Coins Income Statement Year Ended December 31, 2018 Revenue: Sales Revenue $ 825,000 $ Expenses: Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense Total Expenses 290,000 18,000 94,000 9,800 23,000 434,800 $ 390,200 Net Income . . .. . .. 242040 Requirement 3. Prepare CRRC's balance sheet at December 31, 2018. Assets Current Assets: Cash Classic Reserve Rare Coins Balance Sheet December 31, 2018 Liabilities Current Liabilities: $ 394,000 Accounts Payable 165,000 Salaries Payable 275,000 Total Current Liabilities 834,000 $ 90,000 7,000 Accounts Receivable Merchandise Inventory 97,000 Total Current Assets Stockholders' Equity Common Stock Property, Plant, and Equipment: Store Fixtures Less: Accumulated Depreciation $ Retained Earnings 49,000 (9,800) 425,000 351,200 776,200 39,200 Total Stockholders' Equity $ 873,200 $ 873,200 Total Assets Total Liabilities and Stockholders' Equity Renuirement Pranaro CRRC's statement of rach flours ricing the indirert method for the vaar anded Neramher 31 2018 Ilco a minus cinn nr a crease in casa DOX NO Sen the statement, leave the box empty, co no Requirement 4. Prepare LKL 3 statement or can now using the movemento for the year encea vecember 31, 2018 Use a minus sign or parenteses tor amounts arreu select a label or enter a zero. Enter for a zero cash balance) Complete the statement one section at a time, beginning with the cash flows from operating activities 390200 Classic Reserve Rare Coins Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Merchandise Inventory Increase in Salaries Payable 9800 90000 (165000) 275300) 7000 (333200) 157000) Net Cash Provided hulleed fnri Oneratinn Activities