1) Prepare a Classified Balance Sheet as of December 31st, 2015.

2) Prepare a multi-step income statement for the year end December 31st, 2015.

3) Prepare a statement of retained earnings for the year end December 31, 2015.

Unadjusted Trial Balance for 12/31/15

Cash - operating (checking) account	375,380
Cash - savings account	105,500
Accounts receivable	692,820
Allowance for doubtful accounts	(13,800)
Inventory	178,292
Prepaid expenses	21,384
Buildings	1,205,000
Furniture and Equipment	392,860
Goodwill	516,745
Accumulated depreciation	(1,008,740)
Accounts payable	(420,017)
Accrued expenses	(612,186)
Bonds payable	(600,000)
Premium on bonds payable	(44,613)
Note payable, noncurrent portion	(112,086)
Note payable, current portion	(26,970)
Retained earnings	(200,020)
Common stock	(40,000)
Additional paid in capital	(35,000)
Treasury stock	15,000
Sales revenue	(20,750,295)
Sales returns	225,000
Cost of sales	14,525,206
Payroll-related expenses	2,125,670
General and administrative expenses	3,330,300
Interest expense	4,570
Income tax expense	150,000