please help and draw the graphs

ter 4 Homework 6 \begin{tabular}{|l|r|r|} \hline Beg. Bal. & \multicolumn{2}{|c|}{ Cakh } \\ \hline 1. & 58,000 & \\ \hline 2. & (21,600) & \\ \hline Ba. & 28,100 & \\ \hline End. Bal. & 64,500 & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Beg, Bel } \\ \hline 2. & 21,600 & Bo. \\ \hline Bal & 21,600 & P. \\ \hline \\ \hline End: Bal. & 21,600 & \\ \hline \multicolumn{3}{|c|}{ Cost of Ciods seld } \\ \hline \multicolumn{3}{|l|}{ Beg Bat } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline End Bal. & & \\ \hline \end{tabular} Req 8 ineomo statement Prov 4 of 7 : 1 : Noxt ? n ( \# s % 8 w E R T Y u Exercise 4-11A (Algo) Effect of inventory losses: Perpetual system LO 4-5 Ho Designs experienced the following events during Year 1, its first year of operation: 1. Started the business when it acquired $58,000 cash from the issue of common stock. 2. Paid $21,600 cash to purchase inventory. 3. Sold inventory costing $12,200 for $28,100 cash. 4. Physically counted inventory; had inventory of $7,800 on hand at the end of the accounting period. Required a. Record the events in the T-accounts provided. b. Prepare an income statement and balance sheet. Complete this question by entering your answers in the tabs below. Record the events in the T-accounts provided. Ask HO DESIGNS Income Statement For the Year Ended December 31, Year 1 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & $ \\ \hline \end{tabular}