Question 1 Total 25 Marks The following items are taken from the trial balance of Lima Company for 2020: $ $ Accounts Payable 55,500 Accounts Receivable 12,000 Accumulated Depreciation 14,400 Bonds Payable 54,000 Cash 72,000 Common Stock 75,000 Cost of Goods Sald 39,000 Depreciation Expense 14,400 Dividends 15,900 Equipment 144,000 Interest Expense 7,500 Patents 22,500 Retained Earnings, January 1 48,000 Salaries Expense 15,600 Sales Revenue 109,500 Supplies 13,500 356,400 356,400 Required: Prepare following financial statements for Lima Company for the year ended 31 December 2020. Show all headings. (a) A multi-step Income Statement (b) A Retained Earnings Statement (c) A classified Balance Sheet