This is all one question with parts but all one question and I am in desperate need of help please!!!

Required information c-1. Prepare an income statement for Year 1. [The following information applies to the questions displayed below.] c-2. Prepare a statement of changes in stockholders' equity for Year 1. c-3. Prepare a balance sheet for Year 1. c-4. Prepare a statement of cash flows for Year 1. The following transactions apply to Walnut Enterprises for Year 1, its first year of operations: 1. Received $42,500 cash from the issue of a short-term note with a 6 percent interest rate and a one-year maturity. The note was made on April 1, Year 1. 2. Received $119,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 6 percent. 3. Paid $72,500 cash for other operating expenses during the year. 4. Paid the sales tax due on $99,000 of the service revenue for the year. Sales tax on the balance of the revenue is not due until Year 2. 5. Recognized the accrued interest at December 31, Year 1. Complete this question by entering your answers in The following transactions apply to Walnut Enterprises for Year 2: 1. Paid the balance of the sales tax due for Year 1. 2. Received $144,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 6 percent. 3. Repaid the principal of the note and applicable interest on April 1, Year 2. 4. Paid $85,500 of other operating expenses during the year. 5. Paid the sales tax due on $119,000 of the service revenue. The sales tax on the balance of the reven is not due until Year 3. (For all requirements, round your intermediate and final answers to the nearest whole dollar amount.) Prepare an income statement for Year 1. Prepare an income statement for Year 1. Prepare a statement of changes in stockholde Prepare a balance sheet for Year 1. Prepare a statement of cash flows for Year 1. deducted with a minus sign.) Prepare the closing entries. (If no entry is required for a transac required" in the first account field.) Journal entry worksheet B Record the closing entry for service revenue. Post the entries to the T-accounts. Note: Enter debits before credits