I think I did this problem correctly, but it's all so new to me I just want to make sure it's right. Can someone help me out?

This is what I did for the problem.

PROCESSING BUSINESS THANSACTIONS 111 CUMULATIVE REVIEW PROBLEM: CHAPTER 2 The purpose of this problem is to prveide an opportunity to retiee both nere concepts in the current chapter and major concepts in preeious chapters. This cumulatice review should assist you in integrating accounting concepts and preparing for exams Lul.u Company was formed on January 1, 2011. The following alphabetieal list of information is taken from the accounting records on December 31, 2011 Accounts payable Cash Common stock (ssued on January 1. 2011) Foos revenue Land Rent expense Supplies expense Supples on hand Trucks $5,000 12,000 14,000 12,000 90,000 75,000 50,000 22,000 9,000 4,000 5.000 46,000 4,000 Wages expense Wages payable REQUIRED: Compute each of the following (Hint: before answering the individual questions, prepare an income statement, statement of owners' equity, and a balance sheet from the information above.) 1 The total amount of debit balances at December 31, 2011. 2. The total amount of credit balances at December 31, 2011 3. Total revenues for year ended December 31, 2011 4. Total expenses for year ended December 31, 2011 5. Net income (loss) for year ended December 31, 201 6. Retained earnings on January 1, 2011 7. Retained earnings on December 31, 2011 8. Total owners' equity on December 31, 2011. 9. Total current assets on December 31, 2011. 10. Total current liabilities on December 31, 2011. II. Total assets on December 31, 2011. 12. Total liabilities and owners' equity on December 31, 2011. 7 5 ca sin Acc