5.13 Prepare a multi-step income statement, statement of retained earnings and a classified balance sheet by hand as of 12/31/X1 for Your Corp. Only when you're done, check the answers and make any necessary corrections. 15 60 5 10 1,500 Utilities Expense Unearned Revenue Trademark Supplies Expense Supplies Short Term Investments Sales Returns & Allowances Sales Discounts Sales Salary Payable Salary Expense Retained Earnings, 1/1/X1 Prepaid Insurance Patent Note Receivable (9/1/X6) Note Payable (2/1/X7) Machine Loss on sale of land Land (held for speculation) Land (used operate business) Inventory Interest Revenue Interest Payable Interest Expense Insurance Expense Gain on sale of equipment Dividends Depreciation Expense Cost of Goods Sold Common Stock Cash Building Bond Payable (4/1/X2) Advertising Expense Accum. Deprec. - Machine Accum. Deprec. - Bldg. A/R A/P 500 80 500 105 50 25 30 50 100 20 15