using the information from the two pictures i have put on there (the pics taken on my phone not the pdf) answer the question on the pdf. Can you do the statement of retained earnings and income statement?

Directions: Please complete the requirements of the following problem. I require that you work individually. You may come to me with questions, but may not use any resources other than your textbook and class notes. I really need for you to take this request seriously. If you complete this assignment before the due date, feel free to turn it in early. Required: Using the account listing for Fun-Time Toys, Inc. and the cash flows work you did (which I have returned to you with corrections), prepare in proper form the: Income Statement (see Exhibit 6-3 on p. 254 and Exhibit 6-8 on p. 266 of your textbook for models), Statement of Retained Earnings (see Exhibit 5-3 on p. 200 of your textbook for a model), Balance Sheet (see Exhibit 14-3 on p. 630 of your textbook for a model, and Statement of Cash Flows (see Exhibit 13-1 on p. 567 of your textbook for a model) for the company for the month of December. Once you have finished this assignment, please e-mail to me your financial statements and a scan of this cover sheet with your signature to pledge your work. Remember that each and every cash flow on the list must be included on the statement of cash flows under the appropriate category. Fun-Time Toys, Inc. Account Listing in Alphabetical Order 31-Dec-19 Credit Account Type Financial Statement $15.00 L S S7.000 Debit 62.000 code Auct BS IBS - 250 Contra Asset 120,000 Accounts payable Accounts receivable Accumulated depreciation Onice equipment Allowance for Uncollectible Accounts Amortization pense: Patent Capital stock Cash Cost of Goods Sold Depreciation expense: Omee equipment Dividends Income tax expense Income taxes payable Insurance expense Interest expense Interest payable 110,100 100.000 18.000 Expence SSR 2.000 15,000 5.700 LLL S 2,200 8.40 BS 127.000 10.000 ei peut 970 L Asset Los) 100.000 LB BEEFERE Es S TS 117.000 470 1.400 12.000 1.360 1.800 100 12.150 Asset Exp Asset Asset Asset Loss on sale of equipment Note pavable (due in 5 years) Office Equipment Onice supplies Office supplies expense Patent Prepaid insurance Prepaid rent Purchase discounts lost Rent expense Retained earnings. 1/1/19 Salaries expense Salaries payable Sales Sales returns Uncollectible accounts expense Uneamed revenue BS RS BS S B A IS SRE 5 8,000 EVR 20 w TS Cal 9.200 270,000 AROV 6,400 100 PIERRE 20,000 _L Asset A Divident=0 Loss = L Statement of Retined earnings SRE Balance sheet = BS Income stolarent = JS LEDGER ACONTEC Operating Description Debit Credit Debi Credito e Out Fin 5 12.500 Cash received for c ock issued Borrowed from First National Bank Prepaid insurance Op 56,00 9,150 17,025 16 17 19 Received advanced payment from customers Recipes from cash clients Paldi es Purchase once furniture from Orice Design Co. Recipes from clients on account 1.300 2350 5.500 $12.500 92.500 25.900 76,750 93,775 101.461 100,161 97.813 103,313 10100 98,658 105 078 104203 110,978 100 678 109 300 106.475 HOHOHOHOHOH 210 2,350 6,420 21 21 22 24 Purchase orice furniture from Orice Design Co Recipes from cash clients Paid for advertisements Receipts from clients on account OP Inv or op OP Op 875 6,775 29 30 JL OP 1.100 378 2.82 Paid telephone bill Paid dividends Receipts from cash clients 3.625