Guys please help me solving this problem, thank you so much !!!

Aimes Corporation's balance sheet at December 31, 2020, is presented below. ABC CORPORATION Balance sheet December 31, 2020 Cash $50,000 Accounts payable $13,750 Inventory 30,750 Interest payable 2,500 Prepaid insurance 3,600 Bonds payable 50,000 Equipment 38,000 Common stock 23,000 Retained earnings 33,100 Total $122,350 $122,350 During 2021, the following transactions occurred. ABC uses a perpetual inventory system. 1. ABC paid $1,500 interest on the bonds on January 1, 2021. 2. ABC purchased $220,000 of inventory on account. 3. ABC sold for $580,000 cash inventory which cost $220,000. ABC also collected $10,800 sales taxes. 4. ABC paid $30,000 on accounts payable. 5. ABC paid $1,500 interest on the bonds on July 1, 2021. 6. The prepaid insurance $3,600 expired on July 31. 7. On August 1, ABC paid $20,400 for insurance coverage from Augusti, 2021, through July 31, 2022 8. ABC paid $10,800 sales taxes to the state. 9. Paid other operating expenses, $85,000. 10. Redeemed the bonds on December 31, 2021, by paying $44,000 plus $1,500 interest. 11. Issued $80,000 of 9% bonds on December 31, 2021, at 97. The bonds pay interest every June 30 and December 31. Adjustment data: 1. Recorded the insurance expired from item 7. 2. The equipment was acquired on December 31, 2020, and will be depreciated on a straight-line basis over 5 years with a $2,000 salvage value. 3. The income tax rate is 20%. (Hint: Prepare the income statement up to income before taxes and multiply by 20% to compute the amount.) Instructions (a) Prepare journal entries for the transactions listed above and adjusting entries. (b) Prepare a multiple step income statement for the year ending December 31, 2021