aww Insurance Expense Land Current Portion of Long-Term Liabilities Accumulated Depreciation, Store Equipment Accounts Receivable Sales Advertising Expense Office Supplies HAPPINESS CORPORATION Trial Balance December 31, 2022 Debit Accumulated Depreciation, Office Furniture Rent Expense - Office Space Prepaid Insurance Depreciation Expense, Office Furniture Notes Payable Store Salaries Expense Cash Machinery Office Salaries Expense Utilities Payable Accumulated Depreciation, Office Equipment Merchandise Inventory Office Furniture Dividends Accumulated Depreciation, Machinery Utilities Expense Accounts Payable Depreciation Expense, Office Equipment Retained Earnings Supplies Expense Depreciation Expense, Store Equipment Salaries Payable Office Equipment Rent Expense - Selling Space Store Equipment Cost of Goods Sold Long-Term Liabilities (net of current portion) Common Stock 200,000 4,200,000 560,000 1,350,000 25,000 400,000 1,500,000 120,000 25,000 3,324,000 4,960,000 15,000 2,000,000 1,200,000 275,000 16,000 100,000 100,000 300,000 500,000 4,600,000 3,000,000 9,000,000 37,770,000 Credit 1) Multiple Step Income Statement [See Chapter 5 Exhibit 12) 2) Statement of Stockholders' Equity (See Chapter 5 Exhibit 14) 3) Classified Balance Sheet (See Chapter 5 Exhibit 15) 700,000 600,000 18,400,000 240,000 500,000 16,000 200,000 480,000 945,000 3,649,000 40,000 8,500,000 3,500,000 37,770,000 Directions: Use the above information to prepare the following financial statements: For the Financial Statements students will be required to only use the examples provided on Canvas and/or the Textbook. Do not google answers or use You Tube. The Financial Statements are demonstrated on Canvas and in the textbook.

Directions: Use the above information to prepore the following financial statements: For the Financial Statements students will be required to only use the ecamples provided on Canvas and/or the Textbook. Do not google answers or use YouTube. The Financial Statements are demonstrated on Convas and in the textbook. 1) Multiple Step Income Stotement (See Chapter 5 Exhibit 12) 2) Statement of Stocicholders' Equity (See Chapter 5 Exhibit 14) 3) Classified Balance Sheet (See Chapter 5 Exhibit 15)