1. Presented below is the adjusted trial balance of the LLL Corporation. Using this data, prepare the following statements: a. Income Statement (multiple step format); be sure to include the required earnings per share presentation. b. Statement of Retained Earnings c. Balance Sheet (classified format) LLL Corporation Adjusted Trial Balance 31-Dec-20 Debit Credit 104,000 294,000 22,000 2,500 259,500 325,000 115,000 531,000 166,000 125,000 Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable (due 2/25/21) Inventory, 12/31/17 Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Land Accounts Payable Salaries & Wages Payable Notes Payable - Due 5/31/21 Mortgage Payable - Due 12/31/2035 Common Stock, Par $.01 Additional Paid in Capital in Excess of Par Retained Earnings, 12/31/20 Dividends Declared Sales, Net Cost of Goods Sold (COGS) Selling Expenses Administrative Expenses Dividend & Interest Revenue Gain on Sale of Land Income Tax Expense 136,000 6,000 125,000 395,000 10,000 400,000 179,000 15,000 885,000 475,000 165,000 125,000 16,000 10,000 44,000 2,465,000 2,465,000