1) Prepare a multiple-step income statement, statement of retained earnings, and balance sheet using these numbers:

2) Complete a vertical analysis of the: Income statement, balance sheet

Show work.

Accounts Payable 62530

Accounts Receivable 142500

Accumulated Depreciation/Office Equipment 50930

Accumulated Depreciation/Store Equipment 49200

Advertising Expense 79710

Cash 68610

Common Stock 150000

Cost of goods sold 2400270

Depreciation Expense/Office Equip 32150

Depreciation Expense/Store Equip 29630

Insurance Expense -- Office 15220

Interest Expense 17510

Merchandise Inventory 202470

Notes Payable(due in 2019) 169840

Office Equipment 152860

Office Salaries Expense 99290

Office Supplies 20820

Office Supplies Expense 17780

Paid In Capital In Excess of Par 200000

Prepaid Insurance 32080

Rent Expense - Office 56030

Rent Revenue 29680

Retained Earnings 15890

Salaries Payable 17910

Sales 3601390

Sales Discount 39960

Sales Returns & Allowances 62260

Sales Salaries Expense 486690

Store Equipment 355520

Store Supplies Expense 16010

Dividends 20000