Given below are account balances from the adjusted Trial Balance of ABC Inc. as of December 31, 2017. Prepare a multiple-step income statement and Balance Sheet for the ABC Company Property, Plant and Equipment (cost) Prepaid Rent Accounts Payable Contributed Capital Sales Revenues Accumulated Depreciation Cost of Goods Sold Inventory Rent Expense $500,000 $50,000 $20,000 $200,000 $750,000 $200,000 $500,000 $30,000 $40,000 Salary Expense Salary Payable Retained Earnings Depreciation Expense Loan Payable Advances from Customers Accounts Receivable Cash Interest Expense $50,000 $10,000 $50,000 $20,000 $50,000 $12,000 $40,000 $58,000 $4,000 The company has not paid or accounted for income tax expense yet. The tax rate is 35%