Can somebody help me answer these questions I'm getting a little tripped up.

PRACTICE CASE Preparing a multiple-step income statement, statement of owners equity, and balance sheet for a merchandising business (LG 4, 5). The adjusted trial balance of Simon Fashion Company for the year ended December 31, 2011, appears as follows Debits 38,500 50,000 30,000 3,000 25,000 Account Title Credits Cash Accounts Receivable Merchandise Inventory, January 1, 2011 Office Supplies Land 80,000 15,000 Store Building Accumulated Depreciation-Store Building Accounts Payable Salaries Payable Income Taxes Payable Notes Payable, due December 2014 Common Stock Retained Earnings Dividends 20,000 1,000 3,000 60,000 70,000 39,000 1,000 Sales Returns and Allowances Sales Discounts Purchases Transportation In 4,000 3,000 99,000 2,500 600 900 Purchases Returns and Allowances Purchases Discounts Sales Salaries Expense Advertising Expense Depreciation Expense Store Building 27,000 37,000 7,000 15,000 6,000 3,000 Office Salaries Expense Rent Expense Office Building Office Supplies Expense Interest Revenue Interest Expense Income Tax Expense 1,000 5,000 4 Totals 440,500 440.500 A physical count on December 31, 2011, reveals that $20,000 of merchandise inventory remains on hand. No additional investments were made by stockholders during 2011. ACCOUNTING FOR A MERCHANDISING BUSINESS 229 REQUIRED 1. Prepare a multiple-step income statement for the year ended December 31, 2011. 2. Prepare a statement of owners' equity for the y 3. Prepare a balance sheet as of December 31, 2011 ear ended December 31, 2011