Kids 4 Us Inc. is a childrens toys and clothing retailer located across Eastern Canada. You have been provided the following adjusted account balances at the companys December 31, year-end.

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 marks

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.

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.

Account	Adjusted Balance at December 31, 2020
Cash	Unknown $
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
Allowance doubtful account	2, 000
Rent Expense	4,800
Bank Loan Payable	3,800
Advertising Expense	750
Accounts Payable	5,000
Utilities Expense	600
Dividends Declared	1,200
Depreciation Expense	500
Common Shares	20,000
Telephone Expense	200
Interest Expense	300
Accumulated Depreciation, Equipment	1,500
Retained Earnings	17,600
Inventory cost Inventory mkt value	8,000 7,000
Repairs and Maintenance Expenses	400
Supplies	800
Interest Payable	300
Unearned revenue cost	3 000
Temporary Investment	10,000
Treasury bills due in 70 days	15,000
Gain on sale of fixed assets	6,000
Income tax expense	8,000