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everything highlighted in pink i got wrong Instructions McDonald Marina provides docking and cleaning services for pleasure boats at its marina in southern Florida. The

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Instructions McDonald Marina provides docking and cleaning services for pleasure boats at its marina in southern Florida. The following account balances are available: $ 26,400 Interest expense $ 236,000 18,000 875,000 Accounts payable Accounts receivable Accumulated depreciation (building) Accumulated depreciation (equipment) Bonds payable (due 2024) Building 14,600 2.400 128,600 Cash 472,300 1,460,000 268.700 Interest payable 64,500 Land 950,400 Rent expense 2,000,000 Rent payable 197,300 Retained earnings, 12/31/2018 22.300 Service revenue (cleaning) 600,000 Service revenue (docking) 21,500 Supplies 246,300 Supplies expense 25,300 Utilities expense 2,490,000 Wages expense 21,700 Wages payable Common stock (40,000 shares) Depreciation expense (building) Depreciation expense (equipment) Dividends 9,800 89.100 239,400 987,200 Equipment Income taxes expense 21,600 Required: 1. Prepare a single-step income statement, a retained earnings statement, and a classified balance sheet for the year ended December 31, 2019 2. Conceptual Connection: How would a multiple-step income statement be different from the single-step income statement you prepared for McDonald Marina? Income Statement Shaded d ba McDonald Marina Score: 92/125 Income Statement For Year Ended December 31, 2019 1 Revenues: 2 service revenues $1,932,300.00 3 Dividends 25,300.00 4 $1,957,600.00 total revenue 5 Expenses: 6 Depreciation expense (building) $21,500.00 7 Depreciation expense (equipment) 246,300.00 Income taxes expense 21,700.00 9 Interest expense 236,000.00 10 Rent expense 14,600.00 11 Supplies expense 89,100.00 12 Utilities expense 239,400.00 13 Wages expense 987,200.00 14 Total expenses 1,855,800.00 15 Net income $101,800.00 Retained Earnings Statements Shaded cells have feedback. Md ing ba 10. Prepare a retained earnings statement for the year ended December 31, 2019. Retained Earnings Instructions Question not attempted. McDonald Marina Score: 0/42 Retained Earnings Statement (Label) 1 2 3 Points: 079 ar ons ained Earings Statements Balance Sheet Shaded cells have feedback. X Question not attempted. McDonald Marina Score: 0/213 Balance Shoot (Label) 1 Assets 2 Label) 3 5 3 6 7 Label) . 9 13 Liabilities and Stockholders'Equity 16 Label) 11 18 20 21 (Label) 4 > Label

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