Can you check my work for my final project please, I have been struggling.

For the Personal Financial Statement Project:

1. Record the events on the next page in the accompanying formula worksheet

2. Create the financial statements with the ending information from the worksheet

3. Once you have your Financial Statements completed, write a synopsis about what the information is telling include ratios. (1/2 page to 1 page)

Event List

1. Opened a bank account with previously earned (retained earnings) money for $25,000

2. Bought a house by paying $25,000 down in cash and taking a loan of $225,000

3. Bought a vehicle by paying $800 down in cash and taking a loan of $32,200

4. Worked (performed services) to clients for $75,000 cash

5. Paid for materials used (expense) in the services performed with cash for $25,000

6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500

7. During the year, you paid $5,000 in interest and $9,500 in principal on the loan on the house with cash

8. During the year, you paid $600 in interest and $3,400 in principal on the loan on the vehicle with cash

9. During the year, you paid $18,500 for personal-related expenses in cash

10. At the end of the year, you purchased $3,250 in gifts (expenses) for others that you paid for with a new credit card

B D E F G H 1 J K L M N O O Assets Liabilities Unearned Revenue Cash Vehicles = Accounts Payable + + Note Payable $ 225,000.00 $ 32,200.00 $ 33,000.00 $ $ $ $ $ $ $ $ $ Accounts + Receivable (A/R) + House 25,000.00 (25,000.00) $ 250,000.00 (800.00) 75,000.00 (25,000.00) (8,500.00) (14,500.00) (4,000.00) (18,500.00) $ $ (9,500.00) (3,400.00) $ 3,250.00 $ 3,700.00 $ 250,000.00 $ 33,000.00 $ 244,300.00 O P Q R S T U V W Y N AA + Stockholders' Equity Income Statement + Common Stock + Retained Earnings Revenue Expenses = Net Income $ 25,000.00 $ 75,000.00 $ $ $ $ CFS Cash Flow Cash Flow Activity $ 25,000.00 FA $ (25,000.00) IV $ (800.00) IV $ 75,000.00 OP $ (25,000.00) OP $ (8,500.00) OP $ (14,500.00) IV $ (4,000.00) IV $ (18,500.00) FA $ 3,250.00 FA $ 6,950.00 $ $ $ $ $ (25,000.00) (8,500.00) (5,000.00) (600.00) 75,000.00 (25,000.00) (8,500.00) (5,000.00) (600.00) $ (18,500.00) $ $ 3,250.00 42,350.00 $ $ (3,250.00) 32,650.00 $ (18,500.00) $ 75,000.00 Beginning Retained Earnings Plus: Net Income Less: Dividends End Retained Earnings Total Stockholders' equity $ $ $ 25,000.00 32,650.00 (14,150.00) $ 43,500.00 Take appropriate information and prepare a Balance Sheet Assets House Vehicle $ $ 250,000.00 33,000.00 $ 283,00 Total Assets Liabilities house notes payable vehicle notes payable $ $ 225,000.00 32,200.00 $ 257,200.00 Stockholders' Equity common stock retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ 25,000.00 18,500.00 $ 300,700.00 Cash flows from Operating Activities: Cash from Customers Materials Repairs Gifts $ $ $ $ 75,000.00 (25,000.00) (8,500.00) (3,250.00) $ 38,250.00 Net cash flow from Operating Activities Cash flows from Investing Activities: House $ $ (25,000.00) (800.00) $ 25,800.00 Net cash flow from Investing Activities Cash flows from Financing Activities: Capital Drawlings Less:intrest paid less:rapayment of loan Net cash flow from Financing Activities Net Increase in Cash Plus: Beginning Cash Balance Ending Cash Balance $ $ $ $ 25,000.00 (18,500.00) (5,600.00) 12,900.00 $ $ $ $ (12,000.00) 450.00 450.00