From the adjusting trial balance prepare a multi step income statement, statement of retained earnings, and a classified balance sheet.

Coastal Carolina Corporation Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Accounts Payable Accounts Receivable Accumulated Depreciation Bonds Payable (due in 2020) Cash Common Stock Cost of Goods Sold 75,000 150,000 30,000 90,000 85,000 30,000 280,000 17000 20,000 170,000 3,000 epreciation Expense Dividends Equipment Interest Expense Interest Payable 5,000 Inventory Land 61,000 100,000 Notes Payable (18 months) 105,000 145,000 Paid-in Capital in Excess of par-Common Patents, net of amortization Prepaid Rent Rent Expense Retained Earnings, January 1, 2018 Salaries Expense Sales Revenue Utilities Expense Wages Payable Total 40,000 4,000 55,000 30,000 600,000 20,000 130,000 15,000