Please answer these three questions below. I have attached images for reference of everything I need answered please.

Instructions:

$1.$Prepare Adjusting Trial Balance

$2.$Prepare Income Statement

$3.$ Prepare Balance sheet

The balance sheet of the Captain Fishing Inc. is attached. During $2024,$the following events occurred.

$1.$On January $10,$sold merchandise on account to Rayms $$8800$and Fischer $$7500.$Terms $2/10,$n$/30.$

$2.$On January $12,$purchased merchandise on account from Zapfel $$3600$and Liotta $$2600.$Terms $1/10,$n$/30.$

$3.$On January $14,$received checks, $$4700$from Longhini and $$2500$from Hall, for sales on account after discount period has lapsed.

$4.$On January $15,$sent checks to Joosten for $$8600$less $3\%$cash discount, and to Maida for $$10000$less $2\%$cash discount.

$5.$On January $16,$issued credit of $$550$to Fischer for merchandise returned.

$6.$On January $21,$paid off the balances to Zapfel and Liotta for the purchases made on January $12.$

$7.$On Feburary $9,$received payment in full from Rayms and Fischer.

$8.$On March $1,$paid rent of $$8400$for a two$-$year term starting from July $1,2024.$

$9.$On April $1,$the company CEO paid $$49000$from her savings bank account to purchase a car for personal use.

$10.$On April $12,$paid $$785$cash for office supplies and expensed immediately.

$11.$Cash dividends totaling $$1433$were declared on June $13$and paid to stockholders on June $23.$

$12.$Issued a note of $$110000$to bank $($one year, annual interest rate $5\%)$for cash on July $1.$

$13.$On July $5,$purchased merchandise from Maida $$33000$terms $3/10,$n$/30.$

$14.$On July $7,$issued common stock $1150$shares$,$ $$10$par$,$ in exchange of a land with a fair market value of $$16000.$

$15.$On July $8,$returned $$327$of merchandise to Maida and received credit.

$16.$On August $1,$sold merchandise to Lachey on account $$83800,$term $1/10,$n$/30.$

$17.$Paid off the balance to Maida on August $4.$

$18.$On Auguest $8,$paid utilities expense, $$10324.$

$19.$On August $18,$Lachey paid off its balance.

$20.$On September $1,$paid cash $$7550$to Farmington for merchandise purchased last year.

$21.$On October $1,$paid off notes payable $$130000($issued in $2023)$and associated interest $$6000($this amount includes $$1800$interest payable on the balance sheet$).$

$22.$Over the year, cash sales to other retail customers were $$16332.$

$23.$Over the year, sales and office employees earned $$24800$in salaries and wages, of which $$2480$remained as payable at the end of year.

$24.$On Dec $31,$received an utilities bill of $$1350($for December $2024)$and paid off the bill on January $10,2025.$

$25.$On Dec $31,$paid $5\%$interest on bonds payable.

Additional Information at the end of the year:

$1.$Depreciation expense for the year was $$11780.$

$2.$The company estimated that it will pay federal income tax, $$1746.$

$3.$After physically counting, the company decided that the ending inventories was $$25,520.$

$4.$Based on its historical data, the bad debts expense are about $$1370.$

$5.$Unearned revenue was decreased by $$10420.$

$6.$The company expenses all of the supplies purchased during the year.

$7.$No insurance policy was effective during the year $($will be effective from Jan $1,2025).$

$8.$The company uses the gross method to record its purchases and sales on credit.

$9.$The company adopts the perpetual inventory system.

$10.$Rayms$,$ Fischer, and Lachey had zero balance on account as of Jan $1,2024.$

$11.$Gross profit margin is $0\mathrm{.}6$