prepare a balance sheet and a statement of cash flows

Question: prepare a balance sheet and a statement of cash flows.1. on january 1,2015 ARRC issued common stock for $450,0002. Early in Jan. ARRG made the following cash payments:A) for store fixtures $49,000B) for merch. inv. $290,000C) for rent expense on a store bulding $16,0003. Later in the year, ARRC purchased merch. inv. on account for $245,000. Before year-end, ARRC paid $155,000 of this account payable4. During 2015 ARRC sold 2,800 units of merch. inv. for $325 each. before year-end the comp. collected 80% of this amt. COGS for the year was $260,000 and the ending merch. inventory totaled $275,0005. The store employs 3 people. The combined annual payroll in $92,000 of which ARRC still owes $6,000 at year-end6. Late in 2015, ARRC paid cash dividends of $41,0007. For store fixtures, ARRC uses the straight-line depreciation method over 5 yrs.