please show every step for the problrm

Listed below are the accounts for Brynny, Inc. at December 31 and their balances. The December 31, 2020 amounts listed for the Income Statement accounts are before the closing entry has been posted. The amounts for the Balance Sheet accounts are after the closing entry has been posted 2020 2019 Cash 75,000 35,000 Accounts Receivable 150,000 60,000 Inventory 72,000 35,000 Prepaid Insurance 4,000 5,000 Building 100,000 100,000 Land 60,000 60,000 Equipment 120,000 100,000 Accumulated Depreciation 95,000 71.000 Security Deposit 10.000 5.000 Accounts Payable 580,000 120,000 Salaries Payable 13,000 10,000 Taxes Payable 4,000 8,000 Note Payable 50,000 60,000 Common Stock 210,000 70,000 Retained Eamings 139,000 $1,000 Advertising Expense 3,000 Cont of Goods Sold 380,000 Depreciation Expense 24,000 Interest Expense 5,000 Insurance Expense 3,000 Rent Expono 36.000 Sales 780,000 Salary Expense 200,000 Tax Expense 24,000 Us Expense 12,000 Brynn's beginning balance in Retained Earnings was $61,000 and the beginning Common Stock balance was $70,000. The company had 7,000 shares of common stock outstanding at the beginning of the year. The corporation issued 4,000 shares of common stock on March 31, 2020 The Note Payable requires annual payments of $10,000 on principal plus interest at 10% on December 315 Hint: You might want to draft the financial statements on the back sides of your exam pages. The Total Current Liabilities at December 31, 2020 was 5 97.000 O $137.000 $107.000 $ 117,000 Some other number