Please help, i'm having a hard time figuring out the sections in red, please show how.

Cash Cash Receipts Payments Issuance of common shares $19,000 Payment to purchase repair shop equipment $9,050 Rent payments to landlord 1,225 Newspaper advertising payment 345 Utility bill payments 855 Part-time helper's wage payments 2,BOO Income tax payment 11,800 Cash receipts from ski and snowboard repair services 30,100 Subtotals 19,100 26,075 Cash balance 23,025 Totals $49,100 $49,100 The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 ye services they have received but have not yet paid for. Your answer is partially correct. Try again. Prepare an accrual-basis income statement for the 6 months ended April 30, 2022. SANDHILL CO. Income Statement For the Six Months Ended April 30, 2022 7 Revenues Service Revenue 9050 Expenses Depreciation Expense 855 Advertising Expense 345 Utilities Expense 855 Salaries and Wages Expense 2800 Income Tax Expense Rent Expense Total Expenses Net Income / (Loss) 26075SANDHILL CO. Balance Sheet April 30, 2022 Assets Current Assets Cash Accounts Receivable Total Current Assets Property, Plant and Equipment Less E Total Assets Liabilities and Stockholders' Equity Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open blank Show Work Copy Show Work from Previous attempt