This is the first year of my business please see the profit and loss statement from (year 1). Please help create the balance sheet and cash flow statement.

2020 850,000 280,000 570,000 20,000 Profit and Loss Statement 2019 Sales 540,000 Cost of goods sold 140,000 Gross profit 400,000 Other operating income Operating expenses Salaries and wages 45,000 Depreciation expense 1,000 Advertisement Commission expense 40,500 Payroll taxes 3,000 Other operating expenses 25,000 114,500 Total operating income 285,500 Non-operating income Revenue from interest 15,000 Interest expense 2,500 12,500 Net income 298,000 70,000 2,000 30,000 15,000 10,000 25,000 152,000 438,000 50,000 15,000 35,000 473,000 2020 850,000 280,000 570,000 20,000 Profit and Loss Statement 2019 Sales 540,000 Cost of goods sold 140,000 Gross profit 400,000 Other operating income Operating expenses Salaries and wages 45,000 Depreciation expense 1,000 Advertisement Commission expense 40,500 Payroll taxes 3,000 Other operating expenses 25,000 114,500 Total operating income 285,500 Non-operating income Revenue from interest 15,000 Interest expense 2,500 12,500 Net income 298,000 70,000 2,000 30,000 15,000 10,000 25,000 152,000 438,000 50,000 15,000 35,000 473,000