McDonald Marina provides docking and cleaning services for pleasure boats at its marina in southern Florida. The following account balances are available: Accounts payable $26,300 Interest expense $238,000 Accounts receivable 268,800 Interest payable 18,000 Accumulated depreciation (building) 64,200 Land 876,000 Accumulated depreciation (equipment) 950,400 Rent expense 14,600 Bonds payable (due 2024) Building 2,000,000 Rent payable 2,200 197,400 Retained earnings, 12/31/2018 139,800 Cash 22,100 Service revenue (cleaning) 472,200 Common stock (40,000 shares) 600,000 Service revenue (docking) 1,470,000 Depreciation expense (building) Depreciation expense (equipment) 21.400 Supplies 9.700 246,400 Supplies expense 89,100 Dividends 25,300 Utilities expense 239,300 Equipment 2,500,000 Income taxes expense Wages expense 21,600 Wages payable 995,200 21,800 Required: 1. Prepare a single-step income statement, a retained earnings statement, and a classified balance sheet for the year ended December 31, 2019. 2. Conceptual Connection: How would a multiple-step income statement be different from the single-step income statement you