The listing of the business transactions need to be transferred into an income statement, balance sheet, and statement of stockholder's equity in the following format: (The business transactions are below this image)

These are the following statements that need to be transferred:

(To record purchase of building by issuing Note and down payment in cash) (to record cash received in advanace for service to be perfformed in future) Computation of Net Income : Net Income = Service Revenue Expenses Service Revenue =$30,000+$16,000+$2,000+$8,000=$56,000 Expenses = Salary and wages expense + Utilities expense + Depreciation Expense + Rent Expense +Supplies expense +interest expense =$11,000+$1,500+600+500+$1,000+$2,900 =$17,500 Net Income =$56,000$17,500=$38,500 Income Tax =$38,50020%=$7,700