Account 1 Work in process 2 Finished goods Inventory 3 Goodwill Debit 30,000 Credit 215,000 457,234 4 Unearned Sales revenue 2,400 5 Selling & General Admin expenses 219,245 6 Sales revenue 2,324,000 7 Available-for-sale securities (non-current) 155,000 8 Held-to-maturity securities 300,000 9 Dividend declared 26,000 10 Supplies 15,000 11 Land 100,000 12 Trademark 25,000 13 Bonds payable (long term) 2,000,000 14 Cost of goods sold 1,040,000 15 Unrealized holding gains on trading securities 15,000 16 Tax Payable 10,500 17 Dividend payable 17,000 18 Impairment of goodwill 25,000 19 Unrealized holding losses on available-for-sale securities 21,000 20 Prepaid Other Operating Expense 20,000 21 Debt Investments (trading securities) 515,000 22 Discount on bonds payable 23 Sales discount 2,000 1,000 24 Accounts receivable 15,000 25 Accounts payable 300,000 26 Gain on discontinued operations, after tax 15,000 27 Interest revenue 3,000 28 Sales returns and allowances 153,000 29 Accumulated depreciation-building & equipment 70,000 30 Allowance for doubtful accounts 700 31 Unrealized gain on cash flow hedge 12,000 Account Debit Credit 32 Interest expense 5,000 33 Cash ? 34 Building and Equipment 340,000 35 Accumulated other comprehensive income, beginning balance 35,000 36 Treasury, ending balance 45,000 37 Preferred stock, par value $50 per share, ending balance 200,000 38 Common stock, par value $1 per share, ending balance 130,000 39 Paid in capital in excess of par - Common stock, ending balance 1,370,000 350,000 40 Retained earnings, beginning balance The selected balances above were taken from the books of Parnevik Corp. on December 31, 2019, otherwise noted. Beginning balance refers to balance on 1/1/2019. Note: 1. 35,000 of cash is restricted for the collateral for the debt service as of 12/31/2019. 2. 4% cumulative preferred stock, $50 par value, 4,000 shares issued and outstanding, preferred dividend is cumulative. No preferred stock was issued during 2019. 3. Preferred dividend has been paid until 2017. No preferred dividend has been paid since 2018. 4. 5. All the common stock has $1 par value. 100,000 shares issued and zero treasury stock on 1/1/2019. 6. 30,000 shares are issued on 6/1/2019 for $500,000. 7. 3,000 shares are repurchased on 12/1/2019, the company paid $45,000 and it uses cost method for treasury method accounting. 8. Assume the total effective tax rate on all items in income statement (otherwise noted) is 15%. Required: A. Prepare multiple step income statement for the year 2019. Keep in mind that presentation is very important. B. Make sure to show work clearly for ending balance of the following account. B1. Cash B2. retained earnings B3. Accumulated other comprehensive income. C. Prepare classified balance sheet as of 12/31/2019. Keep in mind that presentation is very important D. Determine basic earnings per share for the year 2019. Show numerator and denominator for EPS clearly. E. Determine comprehensive income for the year 2019. Show work clearly