Part 2:NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement of Retained Earnings and Classified Balance Sheet on the pages which follow. To get full credit you must include all critical subtotals.

Part 2: Insert Second Trial Balance HERE.

cash	3900
accounts receivable	3460
allowance for doubtful accounts		670
short term note receivable	800
interest receivable	120
supplies	130
inventory	2500
prepaid expenses	350
equipment	14720
accumulated depreciation		1970
copyrights	700
accounts payable		670
interest payable		20
unearned revenue		50
long term note payable		1400
common stock		5600
paid-in-capital in excess of par - CS		800
retained earnings (1/1/15)		2160
dividends	600
sales		46800
sales retuns and allowances	40
sales discounts	60
cost of goods sold	21600
bad debt expense	30
depreciation expense	770
amortization expense	70
wages expense	8000
rent expense	500
office expense	80
supplies expense	100
selling expense	800
interest expense	200
interest revenue		150
income tax expense	760
totals:	60290	60290

Multi Step Income Statement: For the year ended December 31, 2017

(Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.)

Statement of Retained Earnings: For the year ended December 31, 2017

Classified Balance Sheet: December 31, 2017

(Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not need to use all of the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.)