Looking at the adjusted trial balance prepare the following

1) Statement of Comprehensive Income (Multi-step Income Statement)

2) Statement of Financial Position (Classified Balance Sheet)

3) Statement of Retained Earnings

		The Swatch Company Adjusted Trial Balance December 31, 2019
		Debit	Credit
Cash		3,600,000
Accounts Receivable		1,450,000
Allowance for Doubtful Accounts			40,000
Inventory		470,000
Office Supplies		5,600
Prepaid Insurance		70,000
Prepaid Advertising		58,000
Prepaid Consulting		50,000
Land		3,290,000
Plant and equipment		257,000
Accumulated Depreciation			45,700
Intangible assets		780,000
Goodwill		2,900,000
Accounts payable			235,000
Dividend payable			13,000
Interest payable			16,500
Salaries payable		-	22,000
Accrued Liabilities			389,000
Unearned Revenue			100,000
Bonds Payable			1,300,000
Dividends		13,000
Common shares			3,700,000
Retained Earnings			6,828,000
Sales			4,100,000
Cost of goods sold		770,000
Advertising expense		352,000
Bad debt expense		28,000
Depreciation expense		15,700
Interest expense		286,500
Insurance expense		50,000
Office expenses		621,400
Salaries & wages expense		1,722,000
TOTALS		16,789,200	16,789,200