how do i do this? finacial & managerial accounting 8th edition

Carey Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. CAREY CORPORATION Comparative Balance Sheets December 31 Current Year Prior Vean $ 602,000 171,000 658,000 1,431,000 430,000 (203,000) $1,658,000 $ 382,000 146,000 576,000 1, 104,000 374,000 (130,000) $1,348,000 Assets Cash Accounts receivable Inventory Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ 148,000 34,000 182,000 121,000 30,000 151,000 892,000 340,000 244,000 $1,658,000 818,000 229,000 150,000 $1,348,000 CAREY CORPORATION Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $2,938,000 1,782,000 1,156,000 CAREY CORPORATION Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 73,000 Other expenses 810,000 Income before taxes Income taxes expense Net income $2,938,000 1,782,000 1, 156,000 883,000 273,000 83,570 189,430 $ Additional Information on Current Year Transactions a. Purchased equipment for $56,000 cash. b. Issued 37,000 shares of common stock for $5 cash per share. c. Declared and paid $95,430 in cash dividends. Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for 'the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. ped View transaction list ok Journal entry worksheet 1 2 3 4 5 6 7 8 LEON 11 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. oped View transaction list ook Journal entry worksheet 1 2 3 5 6 7 8 11 > DOO Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General Ledger > Skipped View transaction list eBook Journal entry worksheet 1 2 3 5 6 7 8 .. 11 Reconstruct the journal entry for cash paid for other operating expenses, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet View transaction list Journal entry worksheet Skipped View transaction list eBook Journal entry worksheet Journal entry worksheet