\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ HAPPINESS CORPORATION } \\ \hline \multicolumn{3}{|c|}{ Trial Balance } \\ \hline \multicolumn{3}{|c|}{ December 31, 2022} \\ \hline & Debit & Credit \\ \hline Insurance Expense & 200,000 & \\ \hline Land & 4,200,000 & \\ \hline Current Portion of Long-Term Liabilities & + & 700,000 \\ \hline Accumulated Depreciation, Store Equipment & & 600,000 \\ \hline Accounts Receivable & 560,000 & \\ \hline Soles & & 18,400,000 \\ \hline Advertising Expense & 1,350,000 & \\ \hline Office Supplies & 25,000 & \\ \hline Accumulated Depreciation, Office Furniture & & 240,000 \\ \hline Rent Expense - Office Space & 400,000 & \\ \hline Prepaid Insurance & 1,500,000 & \\ \hline Depreciation Expense, Office Furniture & 120,000 & \\ \hline Notes Payable & & 500,000 \\ \hline Store Salaries Expense & 25,000 & \\ \hline Cash & 3,324,000 & \\ \hline Machinery & 4,960,000 & \\ \hline Office Salaries Expense & 15,000 & \\ \hline Utilities Payable & & 16.000 \\ \hline Accumulated Depreciation, Office Equipment & & 200,000 \\ \hline Merchandise Inventory & 2,000,000 & \\ \hline Office Furniture & 1,200,000 & \\ \hline Dividends & 275,000 & \\ \hline Accumulated Depreciation, Mochinery & & 480,000 \\ \hline Utilities Expense & 16.000 & \\ \hline Accounts Payable & & 945,000 \\ \hline Depreciation Expense, Office Equipment & 100,000 & \\ \hline Retained Earnings & & 3.649 .000 \\ \hline Supplies Expense & 100,000 & \\ \hline Depreciation Expense, Store Equipment & 300,000 & \\ \hline Salaries Payable & & 40,000 \\ \hline Office Equipment & 500,000 & \\ \hline Rent Expense - Selling Spoce & 4,600,000 & \\ \hline Store Equipment & 3,000,000 & \\ \hline Cost of Goods Sold & 9.000,000 & \\ \hline \end{tabular} Exhibit 15 Balance Sheet for Retail Business Whibit 14 Statement of Stockholders' Equity for Retail Business Exhibit 12 Multiple-Step Income Statement 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 YouTube. The Financial Statements are demonstrated on Canvas and in the textbook. 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)