Using the data provided, perform the steps below to complete the final project.

On December 1, 2019, SoccerBox Inc. started operations. The following transactions occurred during December 2019.

NOTE: There are no beginning balances-this is a new company.

Dec 1	Randol Espy invested $80,000 cash in the company for common stock.
2	SoccerBox purchased soccer equipment for $20,000 cash.
2	SoccerBox rented an old warehouse for $30,000 cash for the first year's (December 2019-November 2020) rent.
3	SoccerBox purchased $500 of office supplies with cash.
10	SoccerBox paid $12,000 cash for an annual insurance policy.
14	SoccerBox paid $4,000 cash for the first payroll earned by its employees.
24	SoccerBox received $85,000 cash from soccer fees paid by parents for a private youth soccer lesson.
28	SoccerBox paid $4,000 cash for 2 weeks' salaries earned by its employees.
29	SoccerBox paid $200 cash for minor repairs to its soccer equipment.
30	SoccerBox paid $150 cash for this month's telephone bill.
30	Dividends of $1,000 cash were paid by SoccerBox to its current shareholders.

5. Prepare an income statement, a statement of retained earnings, and a classified balance sheet as of December 31, 2019.