Acc 202 Product versus general, selling and administrative costs.

Transactions related to 2012 the first year of operations of hall company. All inventory was started and completed during 2012. Assume that all transactions are cash transactions.

Acquired $4,000 cashby issuing common stock.

Paid $720.00 for materials used to produce stock.

Paid $1,800 to production wrokers.

Paid $540 rental fe for production equipment

Paid $180.00 to administrative  employees.

Paid $144.00 rentaL fee for administrative office equipment.

Produced 300 units of inventory of which 200 units were sold at a price of $12 each.

Required

Prepare an icome statement, balance sheet and statement of cash flows.