Transactions related to 2012 the first year of operations of hall company. All i

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 $4000 cashby issuing common stock.Paid $720.00 for materials used to produce stock.Paid $1800 to production wrokers.Paid $540 rental fe for production equipmentPaid $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.RequiredPrepare an icome statement balance sheet and statement of cash flows.