ACC 120 - Principles of Financial Accounting Case \# 3 - Version A Directions Prepare financial statements for the year ended as of December 31, 20xx. You are only responsible for preparing the Income Statement, Statement of Retained Earnings and a Classified Balance Sheet. Complete Case \# 3 in this Excel workbook on template provided on the right. ABC Corporation Adjusted Trial Balance December 31,20xx ABC Corporation Income Statement ABC Corporation Statement of Retained Earnings For the year ended December 31,20XX Additional Instructions Enter data in shaded cells only. Do not reformat sheet (i.e. inserting rows, etc.) Accounting period is January - December Reporting period is January - December Show Negative numbers in brackets ( ) Income Statement: (Multi-Step Presentation) Do not separate Selling and Administrative Expenses See Chapter 6 Statement of Retaining Earnings See Chapter 13 Balance Sheet: (Classified) Show contra acct balances in brackets ( ) Stockholder's Equity (Use Method 2 from text ) See Chapter 6&13 ABC Corporation Balance Sheet December 31,20XX