Problem 1 The following are the account balances of the Dayton Company at December 31, 2020. Prepare the Multiple step Income Statement and Statement of Retained Earnings for the year ended December 31, 2020, and the Classified Balance Sheet as of December 31, 2020. Cash Accounts Payable Sales Revenue Operating Expenses Retained Earnings - 1/1/2020 Furniture Cost of Goods Sold Common Stock Accrued Liabilities $27,322 2,250 79,800 5,730 10,815 18,000 45,000 4,500 1,800 Inventory Accumulated Depreciation Accounts Receivable Interest Expense Prepaid Insurance Unearned Revenue Dividends Long Term Note Payable $5,750 9,750 4,900 863 2,550 1,950 3,750 3,000