ABC experienced significant losses during its initial years, leading to the Accumulated Deficit balance at 12/31/14. Of the overall outstanding balance, $12,361 of loans will be due in 2016. ABCs investments consist of the following: Bonds they plan to hold to maturity of $12,364. The bonds mature in 2023. Stocks and bonds they plan to short in the current period of $7,632. ABC intends to hold on to the remainder of their portfolio on a long-term basis, but it open to disposing of the securities as well. The note receivable is structured such that ABC will receive an installment of 10,683 by the end of 2016, and the remainder beyond 12/31/16. A pool of customers paid ABC $23,000 in advance for goods in early December 2015. As of 12/31/15, 30% of the goods had left ABC warehouses and received by the customers. ABC paid $7,500 up front for a one-year insurance policy on 8/1/2015. The company had 26,000 common shares outstanding throughout 2015. ABC has a 25% income tax rate The company paid out $12,368 in dividends to its shareholders in 2015

Please i need help with the balance sheet and income statmetn multipe steps .tha trial balance provided is not adjisted

Expense Interest Loans from Bank () 25,368 Accrued Expenses 368,316 () Additional information ABC experienced significant losses during its initial years, leading to the Accumulated Deficit balance at 12/31/14 Of the overall outstanding balance, $12,361 of loans will be due in 2016. e .ABC's investments consist of the following o Bonds they plan to hold to matuity of s12,364 The bonds mature in 2023. o o o Bonds they plan to hold to maturity of $12,364. The bonds mature in 2023 Stocks and bonds they plan to short in the current period of $7,632. ABCintends to hold on to the remainder of their portfolio on a long-term basis, but it open to disposing of the securities as well. . The note receivable is structured such that ABC will receive an installment of 10,683 by the end of 2016, and the remainder beyond 12/31/16 Apool of customers paid ABC $23,000 in advance for goods in early December 2015. As of 12/31/15, 30% of the goods had left ABC warehouses and received by the customers ds in eaty December 2015 e ABC paid $7,500 up front for a one-year insurance policy on 8/1/2015 . The company had 26,000 common shares outstanding throughout 2015. ABC has a 25% income tax rate The company paid out $12,368 in dividends to its shareholders in 2015