Hanna Company has the following ledger accounts and adjusted balances as of December 31, 2022. All accounts have normal balances. Hannas income tax rate is 20%. Hanna has 500,000 shares of Common Stock authorized, 200,000 shares of Common Stock issued, and 190,000 shares of Common Stock outstanding.

Accounts Payable. 70,200

Accounts Receivable 486,000

Accumulated Depreciation-Building 135,000

Accumulated Depreciation-Equipment. 108,000

Administrative Expenses. 108,000

Allowance for Doubtful Accounts 54,000

Bonds Payable.. 480,000

Building..1,350,000

Cash. 70,200

Common Stock 720,000

Cost of Goods Sold.1,026,000

Discount on Bonds Payable 12,000

Dividends 36,000

Equipment 522,000

Income from Operations of Division Y.. 108,000

(Division Y is a component of Hanna Company)

Interest Revenue.. 72,000

Inventory...756,000

Land (held for future use).... 540,000

Land (used for building).. 297,000

Loss from Sale of Division Y...........................216,000

(Division Y is a component of Hanna Company)

Loss on Sale of Investments... .. 27,000

Mortgage Payable ... 675,000*

Paid-In Capital in Excess of Par...475,200

Prepaid Rent. 27,000**

Retained Earnings, January 1, 2022 675,000

Sales Discounts. 54,000

Sales Returns and Allowances.. 90,000

Sales Revenue...2,763,000

Selling Expenses. 351,000

Trademark 81,000

Treasury Stock. 72,000

*$48,000 of the principal comes due in 2023.

**Three years rent on offsite document storage paid in advance.

Use this information to prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet.