Question: please help! i will like! thank you! (all one question) VIRTUAL GAMING SYSTENS Income Statement Gain on sale of land Total revenues $2,600,0007,0002,667,000 Expenses: Cost

please help! i will like! thank you!
(all one question)
please help! i will like! thank you!(all one question) VIRTUAL GAMING SYSTENS
Income Statement Gain on sale of land Total revenues $2,600,0007,0002,667,000 Expenses: Cost
of goods sold Operating expenses Depreciation expense Interest expense Income tax expense

VIRTUAL GAMING SYSTENS Income Statement Gain on sale of land Total revenues $2,600,0007,0002,667,000 Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total assets \begin{tabular}{rr} 205,000 & 110,090 \\ 215,000 & 270,009 \\ 250,009 & 220,000 \\ (143,090) & (110,000) \\ \hline$1,165,109 & $1,066,000 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current 1iabilities: Accounts payable Interest payable Income tax payable 35,0005,16025,600$98,0004,00029,000 Long-term liabilities: Notes payable Stockholders' equity: Conmon stock Retained earnings Totel liabilities and stockholders' equity Additional Information for 2024 : 1. Purchased additional investment in stocks for $95.000 2. Sold land for $62,000. The land originally was purchased for $55,000, resulting in a $7,000 gain being recorded at the time of the sale: 3. Purchased $30,000 in equipment by issuing a $30,000 long-term note payable to the seller. No cash was exchanged in the transaction 4. Declared and paid a cash dividend of $120,000 5. Issued common stock for $60,000. Requlred: tying

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