Zhao Company began operations when it acquired $25,800 cash from the issue of common stock on January 1, 2014. The cash acquired was immediately used to purchase equipment for $25,800 that had a $3,400 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $3,960 cash. Zhao uses straight-line depreciation.

	2014	2015	2016	2017	2018
Revenue	$7,920	$8,420	$8,620	$7,420	$0

Required

Prepare an income statements for each of the five years. (Loss amounts should be indicated with a minus sign.)

Prepare a statements of changes in stockholders equity for each of the five years.

Prepare a balance sheets for each of the five years.

Prepare a statements of cash flows for each of the five years. (Amounts to be deducted should be indicated with a minus sign.)