Please complete the following excel worksheet, Building Accounting Systems is the text required for the class.

Accounting Information Systems AC341 Project #1 The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2016, the end of the current year: Accounts payable Accounts receivable Accumulated depreciation - equipment Depreciation expense Interest revenue Cash Common stock (10,000 shares outstanding) Cost of merchandise sold Dividends declared Equipment General expenses Interest expense Merchandise inventory Prepaid insurance Retained earnings Dividend Revenue Salaries Payable Sales Selling expenses 81500 105580 26540 800 1100 82470 100000 635650 18100 140450 114250 5600 154250 12325 ? 10000 18560 986250 140210 The president of AISExperts Inc., has asked you to develop a flexible financial statement package (call the file yournameFinState16), using Excel that includes: a data entry sheet an adjusted trial balance, a single-step income statement, a multi-step income statement, a statement of retained earnings, a classified balance sheet, and a post-close trial balance Each statement must be on one sheet in the file and this file should allow the financial statements to be prepared quickly by entering account balances in the appropriate cells on the first sheet of the file (book) - data entry sheet. Include percentages in the Income Statement (vertical analysis) i.e. gross profit percentage, % of selling expenses to sales, etc. Your file must contain documentation with comments. Use the financial information above as input for your statements. Only formulas/cell references should appear on all sheets except your data entry sheet (except titles and dates; dates and titles should be placed at the top of the each sheet; do not use headers). Arriving at the correct solution using appropriate formulas and the correct format for financial statements will allow you to keep your current position (with a score of 85). The presentation of the financials (i.e. underlining, bold, font, commas, color etc.) will potentially enable you to secure a promotion (an additional 15 points). Good Luck. Deliverables: 1 Excel spreadsheet file loaded to the Blackboard classroom under the Project's button