TBS Communications reported the following figures from its adjusted trial balance for its second year of business, which ended on December 31, 2020: Cash $ 3,900 Cost of Goods Sold $ 18,700 Selling Expenses 1,400 Equipment 16,000 Accounts Payable 4,300 Accrued Liabilities 1,800 Common Stock 4,365 Net Sales Revenue 29,200 Notes Puyable, long-term 500 Accounts Receivable 3,200 Merchandise Inventory 1,100 Interest Expense 65 Retained Earnings, Jan. 1 1,000 Administrative Expenses 3,300 Accumulated Depreciation - 6,500 Equipment Requirements: Use Excel to prepare the financial statements. Wherever possible, use formulas. Uncertain about formatting? Review Communicating Accounting Information on Bb under START HERE! 1. Prepare TBS Communications's multi-step income statement for the year ended December 31, 2020. 2. Prepare TBS Communications's statement of retained earnings for the year ended December 31, 2020. Assume that there were no dividends declafed during the year. 3. Prepare TBS Communications's classified balance sheet at December 31, 2020