From the adjusted trial balance above, prepare the financial statements of Coastal Carolina Corporation in good form, using Excel:

1. Multistep Income Statement
2. Statement of Retained Earnings
3. Classified Balance Sheet

Coastal Carolina Corporation Adjusted Trial Balance December 31, 2016 Credit Debit 85,000 150,000 61,000 4,000 100,000 170,000 30,000 40,000 Account Cash Accounts Receivable Inventory Prepaid Rent Land Equipment Accumulated Depreciation Patents, net of amortization Accounts Payable Wages Payable Interest Payable Note Payable (18 months) Bonds Payable (due in Common Stock Paid-in Capital in Excess of par - Common Retained Earnings, Jan. 1 Dividends Sales Revenue Cost of Goods Sold Salaries expense Utilities expense Rent Expense Depreciation Expense Interest Expense 75,000 20,000 5,000 105,000 90,000 30,000 145,000 30,000 20,000 600,000 280,000 130,000 15,000 55,000 17,000 3,000 1,130,000 $ $ 1,130,000