Additional Information

Unless otherwise indicated or implied, all amounts set forth in the trial balances are correct.

As of December $31,2023,$ the Company's employees had earned $$50,000$ in salaries which had not been paid. There were no such unpaid salaries as of December $31,2022.$

The terms of the Company's note payable bank, provide for full payment of the note and related interest on January $1,2025.$ The note, which originated on January $1,2022,$ bears simple interest at $6\%$ computed annually.

All of the Company's equipment was placed in service on January $1,2022,$ and has a useful life of $10$ years, no salvage value, and is to be depreciated on a straight$-$line basis.

For the entirety of its existence, Bravo Corporation has not paid any dividends.

Required

Draft the Company's $2023$ financial statements including its balance sheet, as of December $31,2023,$ and its statement of income, changes in stockholder's equity, and cash flows for the year ended December $31,2023.$How to solve