I need help solving the following problem...I don't know how to begin and I know that if I begin it incorrectly the rest will be wrong. Please complete each of the 3 (three) tasks listed at the end of the problem based on the information below information. Joe Fast started a mobile snack food service on January 2, 2006, investing $15,000 cash depositing in a bank account in the name of Fast Snacks. He purchased a second hand, fully equipped truck. Joe operated on the cash basis of accounting, and at years end, he asks you to help him find his income or loss for the year or operation. You have determined the followings: a. He purchased a used $24,000 truck that is depreciable at 20% per year. He paid $12,000 cash and financed $12,00 on a note at 8% interest b. He started the operation with $3,000 cash available c. He has $375 cash on hand and $28,454 cash in the bank at the end of the year. d. His receipts for cash purchases of inventory for resale total $30,280. e. The value of his ending inventory for resale is $624. f. He paid $1,024 cash for all truck operating costs. In addition, he has an unpaid invoice for a recent truck repair in the amount of $280.00 g. He paid $1,280 of interest on the truck loan. h. He informed you that he took $1625 a month for 12 months to use for living and other personal expenses. You discovered that Joe kept no record of the cash sales he made during the year. Cash sales revenue must be determined from the information already noted. Show Joe how cash sales were determined and prepare an income statement using accrual accounting to show his operating income for the year. Task 1: Set up the known information in a linear statement Hint: Beginning Cash + Cash Sales - Cash Payments = Ending Cash Task 2: Find the missing cash sales by reversing the additive functions. Hint: Ending Cash + Cash Payments - Beginning Cash = Cash Sales Task 3: Complete an Accrual Income Statement (please refer to page 36 of your textbook for examples. ) Hint: Fast Snaks Income Statement For the Year Ended 12-31-2006 Sales Revenue $ Cost of Sales: Beginning Inventory - 0 - Purchases $ Goods Available for sale $ Less: Ending Inventory (____) Cost of Sales Gross Margin $ Operating Expenses Truck operating expenses $ Add: Truck expense invoice Interest expense [8% $12,000] Depreciation expense [20% $24,000] Total Operating Expenses Operating Income (before tax) $