Purple Inc. has a 12/31 fiscal year end. Provided below is the Adjusted Trial Balance for this company at 12/31/21. Prepare the following required fiscal year end financial statements: multiple-step income statement; retained earnings statement; classified balance sheet. REMINDER: In the stockholders' equity section of the balance sheet, the par value per share and the number of stock shares authorized, issued, and outstanding should be reported.

Adjusted Trial Balance
31-Dec-21
cash	37,500
petty cash	900
accounts receivable	162,375
allowance for doubtful accounts		5,400
notes receivable (due 10/31/22)	40,000
inventory	72,000
estimated returns inventory	26,700
supplies	4,000
prepaid insurance	4,800
land	100,500
equipment	470,000
accumulated depreciation		70,700
accounts payable		63,150
salaries payable		13,600
customers refunds payable		51,700
income taxes payable		21,070
bonds payable, due 12/31/2030		250,000
premium on bonds payable		6,000
common stock, $2 par, 100,000 shares authorized		88,000
paid in capital in excess or par--common stock		12,000
treasury stock--common, 550 shares at cost	55,000
retained earnings, 1/1/2021		393,300
cash dividends	15,000
sales		2,310,005
cost of goods sold	1,682,250
selling expenses	356,200
administrative expenses	242,700
interest revenues		6,000
interest expense	14,800
income taxes expense
	3,290,925	3,290,925