Asks to find multi step income statement, classified balance sheet, and statement of retained earnings. This is the all the information given.

Ginny Solomon purchased War Mementos, Inc. (WMI) in June of 2019 and has enjoyed working in the quaint community of Palatka, Florida. Along with several friends, Ginny set the store up using a corporate structure. Ginny began by purchasing many WMI items but found that her customers were very quick to buy memorabilia from the Internet so she started to acquire some unique pieces. To help Ginny to better understand the results of her operations for 2019, she would like you to prepare a set of financial statements for her on December 31, 2019. In addition, she has done a little hosting of famous authors in people's homes for some of her customers resulting in service revenue (NOT Sales Revenue). The accounts and amounts (normal balances) at the end of 2019 for WMI are presented on the following page. Additional Information Earned but unpaid salaries at year end amounted to $9,750. $8,350 of unearned service revenue was earned during the year. Additional supplies used during the year amounted to $1,600. Additional depreciation of $3,170 on the furniture and fixtures was not recorded. Additional interest revenue of $850 was earned but not received. Prepaid rent at year end was $3,700. Total interest expense for the year was $1,750. Solomon did a physical inventory on December 31 and found $95,350 goods on hand. Solomon uses the perpetual inventory system. WMI declared a cash dividend of $10,000 on December 31. The dividend will be paid on April 15, 2020. Accounts Payable 2,400 Accounts Receivable 15,400 Accumulated Depreciation 14.700 Capital Stock 420,000 Cash 153,048 Cost of Goods Sold 460,000 Depreciation Expense 4,300 Dividends 30,300 Freight In 15,789 Furniture & Fixtures 215,760 Interest Expense 1,237 Interest Revenue 450 Merchandise Inventory 156,000 Notes Payable: Long Term 8,000 Notes Receivable: Current 20,000 Prepaid Rent 8,000 Rent Expense 88,700 Retained Earnings 56,000 Salary Expense 220,000 Sales Discounts 8,650 Sales Returns & Allowance 3,400 Sales Revenue 892,101 Supplies 3,400 Supplies Expense 2,300 Unearned Revenue 17,000 Utilities Expense 4,367 Ginny Solomon purchased War Mementos, Inc. (WMI) in June of 2019 and has enjoyed working in the quaint community of Palatka, Florida. Along with several friends, Ginny set the store up using a corporate structure. Ginny began by purchasing many WMI items but found that her customers were very quick to buy memorabilia from the Internet so she started to acquire some unique pieces. To help Ginny to better understand the results of her operations for 2019, she would like you to prepare a set of financial statements for her on December 31, 2019. In addition, she has done a little hosting of famous authors in people's homes for some of her customers resulting in service revenue (NOT Sales Revenue). The accounts and amounts (normal balances) at the end of 2019 for WMI are presented on the following page. Additional Information Earned but unpaid salaries at year end amounted to $9,750. $8,350 of unearned service revenue was earned during the year. Additional supplies used during the year amounted to $1,600. Additional depreciation of $3,170 on the furniture and fixtures was not recorded. Additional interest revenue of $850 was earned but not received. Prepaid rent at year end was $3,700. Total interest expense for the year was $1,750. Solomon did a physical inventory on December 31 and found $95,350 goods on hand. Solomon uses the perpetual inventory system. WMI declared a cash dividend of $10,000 on December 31. The dividend will be paid on April 15, 2020. Accounts Payable 2,400 Accounts Receivable 15,400 Accumulated Depreciation 14.700 Capital Stock 420,000 Cash 153,048 Cost of Goods Sold 460,000 Depreciation Expense 4,300 Dividends 30,300 Freight In 15,789 Furniture & Fixtures 215,760 Interest Expense 1,237 Interest Revenue 450 Merchandise Inventory 156,000 Notes Payable: Long Term 8,000 Notes Receivable: Current 20,000 Prepaid Rent 8,000 Rent Expense 88,700 Retained Earnings 56,000 Salary Expense 220,000 Sales Discounts 8,650 Sales Returns & Allowance 3,400 Sales Revenue 892,101 Supplies 3,400 Supplies Expense 2,300 Unearned Revenue 17,000 Utilities Expense 4,367