Do a multistep income statement, statement of changes in equity, and statement of financial position based on the trial balance below.

McFly Inc. Adjusted Trial Balance As at December 31, 2019 Debit Credit 12,000 32,000 80,000 2,500 2,000 50,000 140,000 25,000 55,000 1,000 124,000 16,000 6,000 1,000 9,000 1,500 7,000 1,200 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Allowance for Doubtful Accounts Bad Debt Expense Bank Loan Payable (Long Term) Building Cash Common Shares Contributed Surplus Cost of Goods Sold Depreciation Expense Dividends Declared Dividends Payable Employee Benefits Expense Employee Benefits Payable Goodwill GST Payable Income Tax Expense Insurance Expense Interest Expense Inventory Land Loss on disposal of Asset Preferred Shares Prepaid Insurance Property Tax Expense Property Tax Payable Retained Earnings Salaries Expense Sales Discounts Sales Returns Sales Revenue Travel Expense Unearned Revenue TOTAL 1,900 1,100 4,500 36,000 100,000 1,600 2,000 1,200 4,200 1,800 77,100 42,000 1,100 21,000 294,000 6,000 2,500 581,600 581,600 - Additional Info - During the year 5,000 additional common shares were issued at $1.00 per share - No Shares were repurchased during the year - Portion of Bank Loan due within 1 year = $2,000