4. Prepare the following statements in proper format: Statement of Comprehensive Income (Multi-step Income Statement) Statement of Financial Position (Classified Balance Sheet) Statement of Retained Earnings 5. Prepare the closing journal entry(ies). Respond to all the 5 required components and state any assumptions you have made in your responses. Please show all calculations. 40,000 1,300,000 45,700 Swatch Group Limited Adjusted Trial Balance December 31, 2019 Cash 3,600,000 Accounts Receivable 1,450,000 Allowance for Doubtful Accounts Inventory 470,000 Office Supplies 5,600 Prepaid Insurance 70,000 Prepaid Advertising 58,000 Prepaid Consulting 50,000 Land 3,290,000 Plant and Equipment 257,000 Accumulated Depreciation Intangible Assets 780,000 Goodwill 2,900,000 Accounts Payable Dividend Payable Intrest Payable Salaries Payable Accrued Liabilities Unearned Revenue Bonds Payable Dividends 13,000 Common Shares Retained Earnings Sales Cost of Goods Sold 770,000 Advertising Expense 352,000 Bad Debt Expense 28,000 Depreciation Expense 15,700 Interest Expense 286,500 Insurance Expense 50,000 Office expense 621,400 Salaries and Wages expense 172,200 235,000 13,000 16,5001 22,000 389,000 100,000 1,300,000 3,700,000 6,828,000 4,100,000 Totals 15,239,400 15,239,400 4. Prepare the following statements in proper format: Statement of Comprehensive Income (Multi-step Income Statement) Statement of Financial Position (Classified Balance Sheet) Statement of Retained Earnings 5. Prepare the closing journal entry(ies). Respond to all the 5 required components and state any assumptions you have made in your responses. Please show all calculations. 40,000 1,300,000 45,700 Swatch Group Limited Adjusted Trial Balance December 31, 2019 Cash 3,600,000 Accounts Receivable 1,450,000 Allowance for Doubtful Accounts Inventory 470,000 Office Supplies 5,600 Prepaid Insurance 70,000 Prepaid Advertising 58,000 Prepaid Consulting 50,000 Land 3,290,000 Plant and Equipment 257,000 Accumulated Depreciation Intangible Assets 780,000 Goodwill 2,900,000 Accounts Payable Dividend Payable Intrest Payable Salaries Payable Accrued Liabilities Unearned Revenue Bonds Payable Dividends 13,000 Common Shares Retained Earnings Sales Cost of Goods Sold 770,000 Advertising Expense 352,000 Bad Debt Expense 28,000 Depreciation Expense 15,700 Interest Expense 286,500 Insurance Expense 50,000 Office expense 621,400 Salaries and Wages expense 172,200 235,000 13,000 16,5001 22,000 389,000 100,000 1,300,000 3,700,000 6,828,000 4,100,000 Totals 15,239,400 15,239,400