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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

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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. CREDIT 370 1,800 Part 2: Insert Second Trial Balance HERE. Leon Company Adjusted Trial Balance December 31, 2017 DEBIT Cash 1,300 Accounts Receivable 4,445 Allowance for Doubtful Accounts Short term Note Receivable 500 Interest Receivable 100 Supplies 50 Inventory 1,900 Prepaid Expenses 150 Equipment 8,570 Accumulated Depreciation Copyrights 430 Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (17/1/17) Dividends 5,500 Sales Sales Returns & Allowances 130 Sales Discounts 75 Cost of Goods Sold 25,550 Bad debt expense 80 Depreciation Expense 770 90 Amortization Expense Wages Expense 4,500 Rent Expense 1,000 Office Expense 400 Supplies Expense 250 550 Selling Expense 200 Interest Expense Interest Revenue 460 Income Tax Expense Totals 57,000 650 65 150 1,200 5,000 300 3,700 43,400 365 57,000 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT. 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.) YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT. Statement of Retained Earnings For the year ended December 31, 2017 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT 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.) 10 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSICINMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT

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