Problem 3 - prepare a Multi-Step Income Statement, a Retained Earnings Statement and a Classified Balance Sheet from the following Trial Balance: Account Balances Smith And Taylor 12/31/20XX Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Additional Paid in Capital Treasury Stock Retained Earnings beginning of year Sales Revenue Wages Expense Cost of Goods Sold Rent Expense Utilities Expense Depreciation Expense Dividends 14,600 16,030 4,550 20,000 7,200 4,100 6,000 20,000 4,000 2,000 7,007 33,781 2,322 12,000 3,215 1,920 2,320 3,131