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Given data Adjusted Account Balances At December 31 (in thousands) Accounts Payable =2792 Accounts Receivable=34141 Accrued Interest Payable=42 Accrued Wages Payable=5856 Accrued Warranties Payable=1324 Accumulated

Given data
Adjusted Account Balances
At December 31
(in thousands)
Accounts Payable =2792
Accounts Receivable=34141
Accrued Interest Payable=42
Accrued Wages Payable=5856
Accrued Warranties Payable=1324
Accumulated Depreciation=26198
Cash=3370
Contributed Capital=7165
Cost of Goods Sold=111164
Depreciation Expense=862
Factory Buildings=7070
Income Tax Expense=5804
Income Tax Payable=1189
Insurance Expense=2368
Interest Expense=5804
Interest Receivable=415
Inventory of Finished Goods=10263
Inventory of Goods being Made=4536
Inventory of Supplies and Materials=5750
Long-Term Bank Loan=14000
Long-Term Contract Payable=1837
Long-Term Note Payable=2700
Manufacturing Equipment=12962
Notes Payable (current)=11390
Notes Receivable=400
Office Building=2301
Office Equipment=2363
Office Supplies Expense=69
Other Accrued Liabilities=1638
Other Long-Term Assets=28310
Packaging Expenses=1010
Prepaid Insurance=108
Prepaid Rent=434
Rent Expense=7350
Retained Eamings=27571
Salaries Expense=3582
Sales Commissions Expense=3349
Sales of Basketball Systems=98998
Sales of Other Products=28710
Sales of Ping Pong Tables=27747
Shipping Expenses=1448
Transport Equipment=7560
Deferred Revenue=8144
Utilities Expense=2111
Wages Expense=3024
Warranties Expense=1226
Warehouse Buildings=3001
From the above information, prepare:
Trial Balance as at December 31, XXXX
Mult-Step Income Statement for the perod ended December 31, XXXX
Statement of Retained Famings
Classified Balance Sheet as at December 31, XXXX

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