build statements

sing the normal balances for Gus Company below, prepare a Multi-step Income catement, Statement of Retained Earnings, and a Classified Balance Sheet. Du do not need to distinguish between Selling and General/Admin Expenses but be sur ppropriate dates are indicated in each of the three statements. Gus Company Year ended December 31, 2020 ccounts are in alphabetical order) Accounts Payable 32,000 35,000 20,000 3,500 4,500 50,000 46,000 Accounts Receivable Accumulated Depreciation Allowance for Uncollectible Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold 116,000, Current Portion of Mortgage Payable 8,000 5,000 10,000 Depreciation Expense Dividends Equipment Loss on the Sale of Building 45,000 3,000 Merchandise Inventory Mortgage Payable Prepaid Rent Rent Expense Retained Earnings 60,000 10,000 1,200 11,800 24,500 15,000 255,000 Sales Returns & Allowances Sales Revenue Sales Tax Payable 3,100 Supplies Supplies Expense Unearned Rent Revenue 800 1,800 2,000 Wage Expense Wages Payable 51,200 6,200