how do I complete this, what am I doing wrong with the balance sheet or income statement. Sunset boards, Inc.

Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and ells financial analyst Christina Wolfe to evaluate the performance surfboards in Malibu. Tad Marks, the founder of the company. of the company over the past year is in charge of the design and sale of the surfboards, but his After rooting through old bank statements, sales receipts, tas retuns, and other records, Chrisina has assembled the fol- is in surfing, not business. As a result, the compa ny's lowing information: The initial i Tad and his friends and family. Because the initial invest ment was relatively small, and the company has made surf Cost of goads sold $196,619 boards only for its own store, the investors haven't required Cash detailed financial of mouth among professional surfers, sales have picked up recently, and Tad is plans include opening another surfboard store in Hawaii. as well as supplying his "sticks" (surfer lingo for boards)Accounts payable in Sunset Boards was provided b 2014 2015 42,885 82,738 13,831 50,469 34,091 298,350 from Tad. But thanks to word Depreciation interest expense 12,067 Selling and administrative 38668 20,143 244.881 385,724 20,104 g a major expansion. His store in Hawaii, and Net foxed assets to other sellers Tad's expansion plans require a significant investment,Sales which he plans to finance with a combination of additional Accounts receivable funds from outsiders plus some money Naturally, the new investors and creditors require more orga- Long-term debt nized and detailed financial statements than Tad has previ- Inventory ously prepared. At the urging of his investors, Tad has hired New equity 470.172 28,078 from banks. Notes payable 123,607 38,706 140,000 52.057 15,000