Use the spreadsheet you created by following the videos to answer the following questions P company starts operations on 2015-01-01. All of P's accounts start with balances of 0 . Record the following transactions during the year and post to P's T-accounts Use the account titles listed in the Income Statement and the Balance Sheet Copy and paste or type in the account titles Don't put extra spaces between words in the account titles Date Transaction 2015-01- 01 Issues common stock for $104180 cash 2015-02- 01 Pays $59024 to purchases equipment 2015-05- 01 2015-06- 01 Purchases $60579 of inventory on account from a supplier Sells $72695 of merchandise for cash. Record the revenue Record the cost of revenue for this sale. The cost of the product P sold was $48463 Prepare P's Financial statements based on the totals in your T-accounts Prepare P's Income Statement for the year ended 2015 Account title Revenue Cost of Revenue Net Income Amount DR Account CR Account Amount Prepare P's Balance Sheet on December 31, 2015 Account title Cash Inventory Property/Plant/Equipment Total Assets Accounts Payable Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Amount Indicate the following amounts for P's Cash flow Statement for the year ended 2015 Account title Cash from Operating Activities Cash from Investing Activities Cash from Financing Activities Net Change in Cash Amount