All accounts have normal balances. There were no investments by the owner during the fiscal year. Parker Company has a December 31^st fiscal year end.

Prepare the:

1. Adjusted Trial Balance as of December 31, 20Y6.
2. Multi-step Income Statement for the year ended December 31, 20Y6.
3. Statement of Owners Equity for the year ended December 31, 20Y6.
4. Classified Balance Sheet (in report form) as of December 31, 20Y6.

Account Balance Accounts Payable 16,000 Accounts Receivable 31,000 Accumulated Depreciation - Office Equipment 13,000 Accumulated Depreciation - Store Equipment 72,000 Advertising Expense 27,000 Cash 52,000 Cost of Merchandise Sold 210,000 Customer Refunds Payable 3,000 Depreciation Expense - Office Equipment 6,000 Depreciation Expense - Store Equipment 14,000 Estimated Returns Inventory 4,000 Insurance Expense 12,000 Interest Expense 2,000 Land 90,000 Mark Parker, Capital 264,000 Mark Parker, Drawing 137,000 Merchandise Inventory 55,000 Miscellaneous Administrative Expense 7,000 Notes Payable - Long Term (Due 20Y8) 40,000 Notes Payable - Short Term 20,000 Office Equipment 60,000 Office Salaries Expense 49,000 Prepaid Insurance 8,000 Rent Expense - Office 32,000 Rent Revenue 24,000 Salaries Payable 3,000 Sales 600,000 Sales Salaries Expense 95,000 Store Equipment 160,000 Supplies 9,000 Unearned Rent 5,000