Multi-Step Income Statement: Net Sales, Gross Profit, Income from Operations, Income Before Income Tax, Net Income

Classified Balance Sheet: Current Assets, PP&E (net), Total Assets, Current Liabilities, Total Liabilities, Total Stockholders Equity, Total Liabilities & Stockholders Equity

Prepare the Multi Step Income Statement, the Statement of Retained Earnings, and the Classified Balance Sheet.

December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Invento Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/15) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Bad debt expense Depreciation Expense Amortization Expense Wages Expense Rent Expense Office Expense Supplies Expense Sellin Interest Expense Interest Revenue Income Tax Expense Totals 3,900 3,460 670 800 120 130 2,500 350 12.720 2.970 1000 670 20 50 1 ,400 3,600 800 2,160 600 49,100 40 60 24,600 30 770 70 8,000 500 80 100 800 200 ense 150 760