On the following page, you will find an adjusted trial balance for ABC Company, Inc. Using the information contained within this adjusted trial balance, complete the following: (1) Prepare a multiple step income statement for the three months ended March 31, 2018. (2) Prepare a statement of retained earnings for the three months ended March 31, 2018. (3) Prepare a classified balance sheet as of March 31, 2018. Text The following are your "check figures" Net Income: $18,833 Total Assets: $120,268 View Zoom Table Chart Text Shape Media Comment Insert Sheet2 + Sheet1 Credit 800 2,500 ABC Company, Inc. Adjusted Trial Balance For Year Ended December 31, 2018 ar Ended December 31, 2018 Account Debit Cash 68,057 A/R - Alex's Engineering Co. A/R - Wildcat Services 2.800 A/R - Easy Leasing 9,047 A/R - IMF Co. 5,220 A/R - Liu Corporation A/R - Gomez Co. A/R - Delta Co. A/R - KC, Inc. 5,800 A/R - Dream, Inc. Merchandise inventory 704 Computer supplies 2,005 Prepaid insurance 1,110 Prepaid rent 825 Office equipment 8.000 Accumulated depreciation-Office equipment Computer equipment 20,000 Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends 4,800 Computer services revenue Sales Sales returns and allowances. 500 Sales discounts 47 Cost of goods sold 14,052 Depreciation expense-Office equipment 400 Depreciation expense-Computer equipment 1,250 Wages expense 3,250 Insurance expense 555 Rent expense 2,475 Computer supplies expense 1.305 Advertising expense 600 Mileage expense 320 Miscellaneous expenses Repairs expense-Computer 960 Totals 154,082 875 98,000 7.360 25,307 19,240 154,082 On the following page, you will find an adjusted trial balance for ABC Company, Inc. Using the information contained within this adjusted trial balance, complete the following: (1) Prepare a multiple step income statement for the three months ended March 31, 2018. (2) Prepare a statement of retained earnings for the three months ended March 31, 2018. (3) Prepare a classified balance sheet as of March 31, 2018. Text The following are your "check figures" Net Income: $18,833 Total Assets: $120,268 View Zoom Table Chart Text Shape Media Comment Insert Sheet2 + Sheet1 Credit 800 2,500 ABC Company, Inc. Adjusted Trial Balance For Year Ended December 31, 2018 ar Ended December 31, 2018 Account Debit Cash 68,057 A/R - Alex's Engineering Co. A/R - Wildcat Services 2.800 A/R - Easy Leasing 9,047 A/R - IMF Co. 5,220 A/R - Liu Corporation A/R - Gomez Co. A/R - Delta Co. A/R - KC, Inc. 5,800 A/R - Dream, Inc. Merchandise inventory 704 Computer supplies 2,005 Prepaid insurance 1,110 Prepaid rent 825 Office equipment 8.000 Accumulated depreciation-Office equipment Computer equipment 20,000 Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends 4,800 Computer services revenue Sales Sales returns and allowances. 500 Sales discounts 47 Cost of goods sold 14,052 Depreciation expense-Office equipment 400 Depreciation expense-Computer equipment 1,250 Wages expense 3,250 Insurance expense 555 Rent expense 2,475 Computer supplies expense 1.305 Advertising expense 600 Mileage expense 320 Miscellaneous expenses Repairs expense-Computer 960 Totals 154,082 875 98,000 7.360 25,307 19,240 154,082
