Instructions . Journalize the selected transactions 2. After all of the transactions for the year ended December 31, Year 1, had been posted lincluding the transactions recorded in part (1) and all adjusting entries], the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step income statement for the year ended December 31, Year 1, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. Round earnings per share to the nearest cent. b. Prepare a retained earnings statement for the year ended December 31, Year 1. c. Prepare a balance sheet in report form as of December 31, Year 1. Instructions . Journalize the selected transactions 2. After all of the transactions for the year ended December 31, Year 1, had been posted lincluding the transactions recorded in part (1) and all adjusting entries], the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step income statement for the year ended December 31, Year 1, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. Round earnings per share to the nearest cent. b. Prepare a retained earnings statement for the year ended December 31, Year 1. c. Prepare a balance sheet in report form as of December 31, Year 1