$*$Assume these notes represent non$-$interest$-$bearing loans from owners, due in $5$ years. Enter the transactions described above in the following Transaction Analysis table.

Note: Use negative signs with answers when appropriate.

Note: Not all answer fields will be used. Leave unused answer fields blank. Transaction Analysis

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$\backslash$hline Transaction $\backslash$# & Cash & Marketable Securities & $\backslash$begin$\{$tabular$\}\{$l$\}$

Accounts $\backslash \backslash$

Receivable

$\backslash$end$\{$tabular$\}$ & Inventory & $\backslash$begin$\{$tabular$\}\{$l$\}$

Prepaid $\backslash \backslash$

Rent

$\backslash$end$\{$tabular$\}$ & Supplies & PP$\backslash$&E $($net$)$ & Land & $\backslash$begin$\{$tabular$\}\{$l$\}$

Other Long$-\backslash \backslash$

Term Assets

$\backslash$end$\{$tabular$\}$ & Accounts Payable & $\backslash$begin$\{$tabular$\}\{$l$\}$

Notes $\backslash \backslash$

Payable

$\backslash$end$\{$tabular$\}$ & Unearned Revenue & Income Tax Payable & $\backslash$begin$\{$tabular$\}\{$l$\}$

Salaries $\backslash \backslash$

Payable

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Interest $\backslash \backslash$

Payable

$\backslash$end$\{$tabular$\}$ & Common Stock & $\backslash$begin$\{$tabular$\}\{$l$\}$

Retained $\backslash \backslash$

Earnings

$\backslash$end$\{$tabular$\}$ & Income Statement Account $\backslash \backslash$

$\backslash$hline Beg. Bal. & $100,000$ & $7,700$ & $25,000$ & $21,000$ & & & $36,400$ & $11,500$ & $17,000$ & $51,000$ & $39,500$ & $50,000$ & $6,700$ & & & $51,000$ & $20,400$ & $\backslash \backslash$

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$\backslash$hline End. Bal. & & & & & & & & & & & & & & & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Prepare Trailblazer Traders Company's income statement and balance sheet for December, $31,$ Year $1.$

NOTE: Expenses should be negative amounts.

Trailblazer Traders Company

Income Statement

For Year Ended December $31,$ Year $1$ Trailblazer Traders Company

Balance Sheet

As of December $31,$ Year $1$

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