You are an accountant at Rock Castle Construction. Your boss has asked that you create general purpose financial statements from a trial balance that he has created for you. Additionally, the company is for sale and you need to draft a letter to potential buyers explaining the overall financial health and profitability of the business. You should use several appropriate financial measure formulas as evidence (hint: we covered a few of the many possible formulas in discussion posts). Your boss has strongly reminded you that the company needs to sell or you may be out of a job. You have been strongly encouraged to write a very positive letter to potential buyers. Generally, buyers are most interested in knowing about profits.

Required:

Create the four general purpose financial statements for the year ended Dec 31, 2019 i.e. Income statement, Balance Sheet, Statement of Owners Equity/Retained Earnings, Statement of Cash Flows.

Write a letter to potential buyers.

I can write the letter but plz help with the sheets

I have no more information on the question

		Dec 31, 19
		Debit	Credit
	10300 Savings	17,910.19
	10100 Checking	35,068.48
	10400 Petty Cash	755.05
	11000 Accounts Receivable	92,707.93
	12000 Undeposited Funds	2,440.00
	12100 Inventory Asset	30,683.38
	12800 Employee Advances	832.00
	13100 Pre-paid Insurance	4,050.00
	13400 Retainage Receivable	3,703.02
	1600 scooter	4,000.00
	15000 Furniture and Equipment	34,326.00
	15100 Vehicles	78,936.91
	15200 Buildings and Improvements	325,000.00
	15300 Construction Equipment	15,300.00
	16900 Land	90,000.00
	17000 Accumulated Depreciation		110,344.60
	18700 Security Deposits	1,720.00
	20000 Accounts Payable		15,536.30
	20500 QuickBooks Credit Card		150,094.20
	20600 CalOil Credit Card		382.62
	24000 Payroll Liabilities:24010 Federal Withholding		1,364.00
	24000 Payroll Liabilities:24020 FICA Payable		2,118.82
	24000 Payroll Liabilities:24030 AEIC Payable	0.00
	24000 Payroll Liabilities:24040 FUTA Payable		100.00
	24000 Payroll Liabilities:24050 State Withholding		299.19
	24000 Payroll Liabilities:24060 SUTA Payable		110.00
	24000 Payroll Liabilities:24070 State Disability Payable		48.13
	24000 Payroll Liabilities:24080 Worker's Compensation		1,214.31
	24000 Payroll Liabilities:24100 Emp. Health Ins Payable		150.00
	25500 Sales Tax Payable		957.63
	2600 Scooter Loan		4,000.00
	23000 Loan - Vehicles (Van)		10,501.47
	23100 Loan - Vehicles (Utility Truck)		19,936.91
	23200 Loan - Vehicles (Pickup Truck)		22,641.00
	28100 Loan - Construction Equipment		13,911.32
	28200 Loan - Furniture/Office Equip		21,000.00
	28700 Note Payable - Bank of Anycity		2,693.21
	28900 Mortgage - Office Building		296,283.00
	30100 Capital Stock		39,273.75
	32000 Retained Earnings		61,756.76
	40100 Construction Income	0.00
	40100 Construction Income:40110 Design Income		36,729.25
	40100 Construction Income:40130 Labor Income		208,225.42
	40100 Construction Income:40140 Materials Income		119,920.67
	40100 Construction Income:40150 Subcontracted Labor Income		82,710.35
	40100 Construction Income:40199 Less Discounts given	48.35
	40500 Reimbursement Income:40520 Permit Reimbursement Income		1,223.75
	40500 Reimbursement Income:40530 Reimbursed Freight & Delivery		896.05
	50100 Cost of Goods Sold	14,766.19
	54000 Job Expenses:54200 Equipment Rental	1,850.00
	54000 Job Expenses:54300 Job Materials	99,435.90
	54000 Job Expenses:54400 Permits and Licenses	700.00
	54000 Job Expenses:54500 Subcontractors	63,217.95
	54000 Job Expenses:54520 Freight & Delivery	797.10
	54000 Job Expenses:54599 Less Discounts Taken		201.81
	food	44.95
	60100 Automobile:60110 Fuel	1,588.70
	60100 Automobile:60120 Insurance	2,850.24
	60100 Automobile:60130 Repairs and Maintenance	2,406.00
	60300 Bad debt	300.00
	60600 Bank Service Charges	125.00
	62100 Insurance:62110 Disability Insurance	582.06
	62100 Insurance:62120 Liability Insurance	5,885.96
	62100 Insurance:62130 Work Comp	13,657.07
	62400 Interest Expense:62420 Loan Interest	151,995.65
	62700 Payroll Expenses:62710 Gross Wages	110,400.10
	62700 Payroll Expenses:62720 Payroll Taxes	8,445.61
	62700 Payroll Expenses:62730 FUTA Expense	268.00
	62700 Payroll Expenses:62740 SUTA Expense	1,233.50
	63100 Postage	104.20
	63600 Professional Fees:63610 Accounting	250.00
	64200 Repairs:64210 Building Repairs	175.00
	64200 Repairs:64220 Computer Repairs	0.00
	64200 Repairs:64230 Equipment Repairs	1,350.00
	64800 Tools and Machinery	2,820.68
	65100 Utilities:65110 Gas and Electric	1,164.16
	65100 Utilities:65120 Telephone	841.15
	65100 Utilities:65130 Water	264.00
	70100 Other Income		146.80
	70200 Interest Income		229.16
TOTAL		1,225,000.48	1,225,000.48