SunFun Inc. has a 12/31 fiscal year end. Provided below (on page 2) is the Adjusted Trial Balance for this company at 12/31/19. Prepare in good form on accounting paper (paper with lines and columns) or in Excel, the following required fiscal yearend financial statements: multiple-step income statement; retained earnings statement; classified balance sheet. Work should be neat, well organized, accurate, and complete. 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.

SunFun Inc. Adjusted Trial Balance 31-Dec-19 Cash 37,500 Petty Cash 900 Accounts Receivable 162,375 Allowance for doubtful accounts 5,400 Notes receivable (due 9/30/20) 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 12/31/2029 250,000 Premium on bonds payable 6,000 Common Stock, $2 par, 100,000 shares authorized 88,000 Paid in capital in excess of par--Common Stock 12,000 Treasury Stock--Common, 550 shares at cost 55,000 Retained Earnings, 1/1/2019 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 revenue 6,000 Interest expense 14,800 Income taxes expense 6,200 3,290,925 3,290,925