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Kids 4 Us Inc. is a children's toys and clothing retailer located across Eastern Canada. You have been provided the following adjusted account balances at

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Kids 4 Us Inc. is a children's toys and clothing retailer located across Eastern Canada. You have been provided the following adjusted account balances at the company's December 31, year-end. Account Adjusted Balance at December 31, 2020 Cash Unknown S Wages Payable 500 Supplies Expense 4,200 Equipment 23.000 Wages Expense 25,000 Prepaid Rent 400 Cost of Goods Sold 52,000 Sales Revenue 166,450 Accounts Receivable 10,000 2.000 4.800 3,800 750 5.000 Allowance doubtful account Rent Expense Bank Loan Payable Advertising Expense Accounts Payable Utilities Expense Dividends Declared Depreciation Expense Common Shares Telephone Expense Interest Expense 600 1,200 SOO 20.000 200 300 Page 2 of 2 MacBook Air Accumulated Depreciation, Equipment Retained Earnings Inventory cost Inventory mkt value Repairs and Maintenance Expenses Supplies Interest Payable 1,500 17,600 8,000 7,000 400 800 300 Unearned revenue cost 3 000 Temporary Investment 10,000 Treasury bills due in 70 days Gain on sale of fixed assets 15,000 6,000 Income tax expense 8,000 REQUIRED: Part A: Prepare a multiple step income statement (NOT single step otherwise you lose marks) for the year ending December 31. Use the below template to compile your statement. Add lines or delete lines as needed - so long as your work is clear. Ensure you respect all required formatting to receive full o A B Marks Nha Book Part B: Prepare a Statement of Retained Earnings for the year ending December 31. Use the below template to compile your statement. Add lines or delete lines as needed - so long as your work is clear. Ensure you respect all required formatting to receive full marks. Marks Part C: Prepare a Classified Statement of Financial Position (classified means ALL titles and subtitles, and totals) as at December 31, 2020. The full balance of the bank loan payable is due on June 30, 2022. Use the below template to compile your statement. Add lines or delete lines as needed so long as your work is clear. Ensure you respect all required formatting to receive full marks. Marks

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