Shown below is an adjusted trial balance for Marcus's Accounting Services Inc. at the end of its accounting period, December 31, 2016. However, the bookkeeper is new and has arranged the accounts in alphabetical order instead of how they would normally be listed Marcus's Accounting Services Adjusted Trial Balance December 31, 2016 Credit Debit 51,000 Mccounts payable Mccounts receivable Accumulated Depreciation-building 44,500 $ 21,000 100 Bank Fees 40,000 10,000 Building Cash Common shares Cost of goods sold Depreciation expense Insurance expense Interest expense Haventory Prepaid expenses Rent 12,000 200,000 3,000 1,000 2,000 19,000 3,000 17,000 Retained earnings, Jan 1, 2016 Sales revenue Supplies expense Taxes payable Unearned Revenue Wages Payable 28,000 220,000 400 BoYang Educann 4,000 3,000 340,000 340,000 Required: 1 Prepare an Income Statement, in good form, for the period ended Dec 31, 2016. 2 Calculate ending Retained Earnings (a statement is not necessary) but you must show all your work 3 Prepare a Classified Statement of Financial Position (Balance Sheet), in good form at December 31, 2016