Please provide a written out by hand solution for the above example.

On Dec 31, 2014, BiWheels Company had the following account balance. In January 2015, the company made the following transactions. Use the accounts in the balance sheet (plus revenue and expense accounts) to 1) Prepare journal entries using the table provided below 11) Calculate the ending balance of Cash account by posting relevant transactions to ledger. Calculate the ending balance of Retained earnings account. The net income for the 2015 is $366,000. Account Balance Account Balance Cash $507,000 Account payable $90,200 Accounts receivable 150,000 Long term liabilities 110,000 Inventory 39,200 Total liabilities 200,200 Other current assets 2,000 Building and equipment 23,800 Paid-in Capital 400,000 Retained eamings 121,800 Total assets $ 722,000 Total liabilities and equities $ 722,000 Jan 2 4 Made a credit sale of $30,000 at the cost of $22,000 Collection of account receivable $80,000 Acquisition of inventory $18,000 on cash Payment of account payable $25,000 BiWheels paid $20,000 dividend to investors 22 debit credit 2-Jan 7-Jan 10-Jan 22-Jan