answer to a and b step by step and uploud clear photos please.

EXERCISE:The following is the Trial Balance of Silver Corp. as of December 31, 2017 Company uses the periodic inventory system Silver Corp Trial Balance December 31, 2017 Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Plant & Equipment, cost Accumulated Depreciation, Plant & Equipment Land Accounts Payable Long-term Banks Payable Taxes Payable JSilver,Capital J.Silver, Withdrawals Sales Sales Returns&Allowances Purchases Purchase Discounts Transportation In (Freight In) 90,000 100,000 60,000 1,000 72,000 50,000 60,000 80,000 50,000 5,000 200,000 10,000 308,000 | 4.000 18,000 3,000 4,000 9,000 32,000 11,000 8,000 6,000 10,000 1,000 696,000 Transportation Out (Freight Out) Wages Expense Insurance Expense Rent Expense Utilities Expense Depr. Exp., Plant&Equipment Loss on Sale of Company Car A physical count of inventory on December 31, 2017 showed that inventory on hand was $10,000. Required a) Prepare the multistep Income Statement for the year ended December 31, 2017. b) Prepare the classified Balance Sheet as of December 31, 2017