1. Prepare a Multi-step Income Statement for the year ended 2021. This statement should be flexibly designed (formulas) with common-sized percentages (vertical analysis) to the right of the dollars. 2. Show journal entries, adjusting entries and closing entries for the below additional information - none of the journal entries have been posted to the ledger (many journal entries have been booked to get you started, however none of the entries have been posted). You can add T-acct transaction analysis to calculate ending balances, however this is not required. 3. Prepare a Statement of Retained Earnings for the year ended 2021. 4. Prepare a Balance Sheet dated Dec. 31, 2021 - Again a flexible design is required so any changes will automatically update the balance sheet - use formulas. 5. Prepare a Statement of Cash Flows using the indirect method for the year ended 2021. The ending cash as shown on the statement of cash flows will be the same as the cash reported on the Balance Sheet. Your Name, Inc. Balance Sheet 12/31/2020 Current Assets Cash Marketable Securities (Short-term) Accounts Receivable $17,100 2,000 Allowance for Bad Debt mmmm(2,000) Inventory Prepaid Insurance Total Current Assets 16,000 5,000 $52,100 Property, Plant, and Equipment Land Building $30,000 150,000 Equipment Accumulated Dep. - Building (45,000) 100,000 Accumulated Dep. - Equipment (20,000) Total PPE Total Assets $215,000 $267,100