Hoofers Inc. opened for business on 1.1.16. Prepare the following: Multi-Step noc Staeni Retained Earnings Statement Classified Balance Sheet Check figures Income From Operations Net Income Total Current Assets Total Assets 545,000 552,000 572,000 903,000 Adjusted Trial Balance For the Year Ended 12.31.16 330,000 55,000 7,000 180,000 160,000 Accounts Receivable Supplies Merchandise Inventory - EB Building Accumulated Depreciation - Buliding Vehicles Accumulated Depreciation - Vehicles Land Accounts Payable Salaries Pavable Note Payable (Due on 1.1.20) Bonds Payable (Due on 5.31.35) Common Stock Paid-in Capital in Excess of Par - CS Retained Earnings Treasury Stock Dividends Sales Revenue Rent Revenue Gain on Sale of Land Interest Revenue Cost of Goods Sold Salary Expense Supplies Expense Utilities Expense Advertising Expense Depreciation Expense - Building Depreciation Expense - Vehicles nsurance Expense Interest Expense TOTAL 38,000 15,000 6,000 200,000 36,000 10,000 70,000 140,00 155,000 50,000 0 30,000 80,000 900,000 4,000 6,000 2,000 265,000 50,000 1,000 7,000 4,000 15,000 5,000 8,000 5,000 1,417,000 1,417,000