Company As assets and liabilities are presented below (in $) as of January 31, 2021. The company had a retained earnings of $200,000 at the beginning of the cycle.

Accounts Payable 12,050

Accounts Receivable 194,850

Cash 104,200

Supplies 12,250

Land 375,000

Prepaid Insurance 14,500

Notes Payable 50,000

Business transactions from February 2021 to January 31, 2022 are summarized below:

a. Paid advertising expenses on account 36,250

b. Received cash from customers 972,250

c. Paid creditors (operational) 6,050

d. Charged customers for service on account 98,500

e. Paid cash for miscellaneous expenses 24,800

f. Received cash from customers account 94,850

g. Paid the following expenses

i. Salary 401,000

ii. Rent 14,500

iii. Taxes 12,300

iv. Utilities 56,200

h. Determined cost of supplies used 8,400

i. Paid notes (investment) 50,000

j. Insurance that expired 6,500

k. Paid dividends 200,000

make a financial statement