Assignment: Dusty Fine Jewelers designs and manufactures posh jewelry. Before the books can be closed on 31 December 2019 so the financial results can be reported, there are several missing entries that must be posted to the general ledger. Dusty Fine Jewelers uses the perpetual inventory method. 12 Dec Purchased $22,800 of merchandise; terms are 2/10, n/30 FOB shipping point. 12 Dec Paid $160 freight on the 12 Dec purchase. 13 Dec Returned defective merchandise billed at $3,200. 22 Dec Paid vendor for the 12 Dec purchase. Dusty Fine Jewelers' unadjusted account balances: Accounts Receivable Accounts Payable Accumulated Depreciation Building Cash Common Stock Cost of Goods Sold Dividends Estimated Inventory Returns Income tax rate Intangible assets Interest Expense 31,500 Inventory 21,400 Note Payable (Due 2022) 23,500 Office Equipment 235,000 Office Supplies 52,030 Other current assets 175,000 Other Long-term liabilities 192,000 Research & Development expenses 3,700 Retained Earnings, 1 JAN 11,100 Salaries Payable 40% Sales 24,000 Sales Discounts 17,300 Sales Returns and Allowances Selling, General & Administrative 8,500 expenses 37,000 110,000 27,500 12,700 42,800 75,000 16,000 43,290 13,300 320,000 3,200 9,600 Interest revenue 64,000 Required: Prepare the required journal entries in good form, and post them to the general ledger. Prepare a multi-step income statement, a statement of retained earnings and a classified balance sheet, all in good form. In addition, calculate the ratios specified in the project instructions