really need help with this question stuck on the last part

Problem 4-24A (Static) Basic transactions for three accounting cycles: Perpetual system LO 4-1, 4-6 Blooming Flower Company was started in Year 1 when it acquired $60,000 cash from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume that all transactions were cash transactions Purchases of inventory Sales Cost of goods sold Selling and administrative expenses Year 1 $50,000 68,000 34,000 29,000 Year 2 $60,000 85,000 43,000 35,000 Year 3 $ 85,000 130,000 71.000 42,000 Required Prepare an income statement (use multistep format) and balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year) Complete this question by entering your answers in the tabs below. Income Balance Statements Sheets Prepare an balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 Year 1 Year 2 Year 3 Assets Cash $ 60,000 Merchandise inventory Complete this question by entering your answers in the tabs below. Income Statements Balance Sheets Prepare an income statement (use multistep format) for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Year 3 Net sales 68,000 $ 85,000 $ 130,000 Cost of goods sold 34,000 43,000 71,000 34.000 42,000 59,000 Operating expenses Selling and administrative expenses 29,000 35,000 42,000 Net income $ 5,000 $ 7,000 $ 17,000 $ Income Statements Balance Sheets > Income Statements Balance Sheets Prepare an balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accou equation before preparing the statements for that year.) BLOOMING FLOWER COMPANY Balance Sheets As of Year Ended December 31 Year 1 Year 2 Year 3 Assets $ 60,000 Cash Merchandise inventory $ 0 60,000 $ 0 $ 0 $ 0 $ $ 0 Total assets Llabilities Stockholders' equity Common stock Retained earnings 60,000 5,000 60,000 7,000 60,000 17,000 Total stockholders' equity Total liabilities and stockholders' equity 65,000 65,000 $ 67.000 67,000 $ 77,000 77,000 $