Preparing Financial Statements for a Merchandising Company From the adjusted trial balance provided, properly prepare the following annual statements: 1) multiple-step Income Statement, 2) Statement of Equity, and 3) classified Balance Sheet.

**The adjusted trial balance capital amount would include both the beginning balance and any new owner contribution for the period. To break out owner's capital for the Statement of Equity, assume that beginning owner's capital was $20,000! Reymond Theater Company Adjusted Trial Balance June 30, 2022 Account Title Debit Credit Cash $ 3,800 Accounts Receivable 38,500 17,300 Merchandise Inventory Office Supplies Furniture 600 39,200 $ 8,900 13,600 600 Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Reymond, Capital ** Reymond, Withdrawals 6,600 14,500 26,850 39,500 Service Revenue 189,000 Cost of Goods Sold Selling Expenses Administrative Expenses 85,050 18,500 16,000 1,600 260,050 Interest Expense Total $ $ 260,050