From the adjusted trial balance provided, properly prepare the following annual statements: 1) multiple-step Income Statement, 2) Statement of Equity, and 3) classified Balance Sheet.

The adjusted trial balance capital amount would include both the beginning balance and any new owner contribution for the period. To break out owners capital for the Statement of Equity, assume that beginning owners capital was $20,000!

Credit $ Adjusted Trial Balance June 30, 2022 Account Title Debit Cash $ 3,800 Accounts Receivable 38,500 Merchandise Inventory 17,300 Office Supplies 600 Furniture 39,200 Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Reymond, Capital ** Reymond, Withdrawals 39,500 Service Revenue Cost of Goods Sold 85,050 Selling Expenses 18,500 Administrative Expenses 16,000 Interest Expense 1,600 Total $ 260,050 8,900 13,600 600 6,600 14,500 26,850 189,000 $ 260,050