I have already completed step 1 (separating debits/credits), but I need help with step 2 (ID Income Statement) and step 3 (ID Balance Sheet). The totals should equal the control totals at the bottom once complete.

Step 1 - Separate DR/CR Step 3- ID Balance Sheet Balance Sheet Step 2-ID Income Statement Income Statement CR 13,750 CR CR Accounts payable Accounts receivable Accrued expenses Accumulated depreciation: computers & copiers Additional paid-in capital (common stock) Bonds payable (due December 31, 2021) Cash Common stock (1,000 shares, $5 par value) Cost of goods sold Deferred income taxes Depreciation expense: office equip & truck Dividends declared 13,750 4,600 3,500 10,000 17,000 30,500 18,250 5,000 103,075 5,750 8,750 6,000 10,000 8,540 4,600 10,000 17,000 30,500 18,250 5,000 103,075 5,750 oodwill Income tax expense Insurance expense and Merchandise inventory Notes payable (due December 31, 2019) Office equipment Office supplies inventory Office supplies expense Preferred stock (250 shares, $20 par value) Premium on bonds payable Prepaid rent Rent expense Retained earnings(January 2018) Salarles expense 10,000 8,540 37,600 15,000 8,500 46,000 1800 470 5,000 37,600 15,000 8,500 46,000 5,000 1,500 6,400 21,050 85,095 266,000 5,300 3,500 2,250 25,000 500 4,120 21,050 85,095 266,000 Sales returns and allowances Sales taxes payable Treasury stock (100 common shares at cost) Truck Unearned revenue Utilities expense 3,500 25,000 391,550 391,550 Net Income Current Year 42,450 Control Totals> >391,550 391,550 223,550 266,000 42,450 Net Income 42,450 Control Total 149,750 149,750