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please help The Extra Surplus Company's Balance Sheet for...

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Accounting

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The Extra Surplus Company's Balance Sheet for December 31, 2017 and the Income Statement for 2018 are shown below. Additional data: - Sales were $39,000;$24,000 in cash was received from customers. - Bought new land for cash, $30,000. - Sold other land for its book value of $15,000. - Paid $3,000 principal on the long-term note payable and $3,000 in interest. - Issued new shares of stock for $30,000 cash. - Cash dividends of $5,000 were declared and paid to stockholders. - Paid $17,500 on accounts payable. - No inventory purchases were made; other expenses were incurred on account. - All wages were paid in cash. - Other expenses were on account. Required: a. Prepare a balance sheet at December 31, 2018. b. Prepare the statement of cash flows using the direct method. Complete this question by entering your answers in the tabs below. Prepare a balance sheet at December 31,2018. Prepare the statement of cash flows using the direct method. (Enter any deductions and cash outflows as a negative value

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