ADJUSTED Trial Balance December 31, 2020 Account Title Debit Credit Cash 60,100 Accounts Receivable 50,000 Allowance For Doubtful Accouns 5,000 Inventory 64,000 Office supplies 1,800 Prepaid insurance 2,500 Furniture & Fixtures 50,000 Accumulated depreciation Equipment $ 12,500 Building 100,000 Accumulated depreciation Building $ 25,000 Land 220,000 Accounts payable 27,000 Salaries & Wages payable 1,600 Unearned Sales Revenue 10,000 Notes Payable (Short-Term) 50,000 Federal Income Tax Payable 2,200 FICA - Social Security Taxes Payable 610 FICA - Medicare Taxes Payable 90 Notes Payable (Long-Term) 95,000 Common Stock 200,000 Retained Earnings, January 1, 2020 71,000 Sales Revenue 300,000 Sales Returns & Allowances 20,000 Sales Discounts 10,000 Cast of Goods Sold 100,000 Salaries & Wages Expenses 100,000 Depreciation expense 7,500 Office supplies expense 3,500 Payroll Tax Expense 7,000 Insurance expense 3,600 Total $ 800,000 $ 800,000 Required: Based on the adjusted account balances listed above, complete the following: a. Multi-Step Income Statement b. Statement of Retained Earnings C. Classified Balance Sheet Remember: All adjustments have already been made