ABC Corp Trial Balance As of 12/31/2020 Debit Credit Cash Accounts receivable Inventory 6,938 64,725 12,300 Prepaid insurance 2,625 Land 30,000 Equipment 526,000 Buildings 900,000 Accumulated depreciation 371,250 Patent 9,000 Copyright 13,500 Accounts payable 32,000 Unearned revenue 7,050 Notes payable* 37,500 Bonds payable (5 year) 191,250 Discount on bonds payable 15,000 Common stock 6,000 Additional paid in capital 33,330 Treasury stock 9,750 Retained earnings 220,425 Sales revenue 1,582,000 Sales discounts 42,000 Cost of goods sold 531,818 Wages expense 251,250 Advertising expense 32,000 Utilities expense 11,400 Depreciation expense 10,500 Amortization expense 2,900 Interest expense 5,600 Supplies expense 1,350 Gain on Land Sold 4,350 Loss on Equipment Sold 6,500 Total 2,485,155 2,485,155 *Note payable, $20,000 is due within one year, with the remainder due beyond one year. Please prepare a multiple-step income statement, a statement of retained earnings and a classified balance sheet