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Preparation of Financial Statements (30 points) The adjusted trial balance of Mac Co. follows: Mac Co. Adjusted Trial Balance Notes: SG&A expense represents Selling, General

image text in transcribed Preparation of Financial Statements (30 points) The adjusted trial balance of Mac Co. follows: Mac Co. Adjusted Trial Balance Notes: SG&A expense represents Selling, General \& Administrative Expense (a) Prepare a multiple-step income statement. (10 points) (b) Prepare a statement of retained earnings. (10 points) (c) Prepare a balance sheet. (10 points)

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