1. Prepare Income Statement

2. Classified Balance Sheet

3. Retained earnings Statement

YOUR NAME HERE! Account Balances December 31, 2020 Multistep Income statement Classified Balance Sheet Retained Earnings Statement Cash Accounts Receivable Prepaid Expenses Equipment Vehicles Accumulated Depreciation Accounts Payable Wages Payable Unearned Revenue Common Stock Preferred Stock Additional Paid in Capital Treasury Stock Retained Earnings beginning of year Sales Revenue Admin Expense Cost of Goods Sold Rent Expense Wage Expense Utilities Expense Depreciation Expense Dividends 44,345 9,140 4,521 28,240 10,000 5,120 6,541 2,244 4,100 30,000 15,000 5,000 1,000 25,452 48.661 7,502 19,000 4,100 3.500 2,300 3,210 3,260