1. Using the balances from the trial balance below, prepare; a) The multi step income statement b) The statement of retained earnings c) The balance sheet

Land 45,000 (DR)

Buildings 6,000 (DR)

Machinery 4,000(DR)

Mortgage 37,000(CR)

Dividends 6,000 (DR)

Common stock 15,000(CR)

Inventories 6,100(DR)

Cash 4,000(DR)

CoGS 56,400(DR)

Interest revenue 3,200(CR)

Trade payable 3,705(CR)

Tax expense 7,730(DR)

Sales 80,875(CR)

Trade receivable 2,300(DR)

Admin expense 900(DR)

Selling expense 400(DR)

Interest expense 950(DR)

139,780 (DR) 139,780(CR)