2. a. Using the following information for Morton, Inc. prepare an annual: Multiple-step income statement Retained earnings statement Classified balance sheet (3 points) Morton, Inc. Adjusted Trial Balance December 31. 2020 Credit Debit $ 2,150 7.000 600 750 25,000 Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment... Accounts Payable Unearned Service Revenue. Salaries Payable Utilities Payable Common Stock Dividends... Retained Earnings Sales Sales Returns and Allowances Cost of Goods Sold. Insurance Expense Salaries Expense Rent Expense Utilities Expense. $ 200 4.500 1,500 2.000 150 11.750 1,500 5.000 56.800 250 36.000 1.000 5.000 2,500 150 $81.900 $81.900 Morton, Inc. Income Statement Morton, Inc. Retained Earnings Statement Morton, Inc. Balance Sheet b. Prepare the necessary closing entries. (2 points) Date Account Titles Debit Credit