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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 670 2.970 Part 2: Insert Second Trial Balance HERE. Quagmire Company Adjusted Trial Balance December 31, 2017 DEBIT Cash 3.900 Accounts Receivable Allowance for Doubtful Accounts 3.460 Short term Note Receivable 800 Interest Receivable 120 Supplies 130 Inventory 2.500 Prepaid Expenses 350 Equipment 12.720 Accumulated Depreciation Copyrights 1000 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 600 Sales Sales Returns & Allowances 40 Sales Discounts 60 Cost of Goods Sold 24,600 Bad debt expense 30 Depreciation Expense 770 Amortization Expense 70 Wages Expense 8.000 Rent Expense 500 Office Expense 80 Supplies Expense Selling Expense 800 Interest Expense 200 Interest Revenue Income Tax Expense 760 Totals 61.590 670 20 50 1.400 3,600 800 2 160 49.100 100 150 61.590 HIRSISSION 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 MISSION 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.)