Soorty Company is a merchandiser. The Adjusted Trial Balance of Soorty Company for the year ended 31st December 2021 is given below: Accounts Title Adjusted Trial Balance Debit Credit BDT. BDT. Cash 2,500 Accounts Receivable 1,600 Beginning Inventory 25,000 Supplies 1,100 Building 6,000 Accumulated Dep. on Building 2,200 Inventory Purchase 10,000 Accounts Payable 4,100 Unearned Revenue 3,300 Ending Inventory 5,000 Soorty, Capital 32,000 Soorty, Drawings 600 Investment in marketable securities 10,000 Sales Revenue 26,500 Salaries Expense 700 Travel Expense 100 Short Term notes payable 7,500 Gain on disposal of Building 3,000 Sales Return and Allowances 6,500 Long term notes payable 15,000 Supplies expense 1,000 Depreciation expense 2,000 Good Will 10,000 Patent 5,000 Utility Expense 1,000 Dividend Revenue 2,500 Interest Expenses 1,000 Loss on disposal of equipment 7,000 Total 96,100 96,100 Instruction: a. Prepare a Multiple Step Income Statement for the Soorty Company for the year 2021. b. Prepare Classified Balance Sheet of the Soorty Company for the year ended 31st December-2021. c. Prepare owners equity Statement of the Soorty Company. d. Journalize Closing Entry.

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