The account balances for the year ended December 31, 2018, for Thompson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare Thompson, Inc.'s multistep income statement. Thompson, Inc. Income Statement For the Year Ended December 31, 2018 The account balances for the year ended December 31, 2018, for Thompson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare Thompson, Inc.'s multistep income statement. Thompson, Inc. Income Statement For the Year Ended December 31, 2018 Data table - X Sales revenue $ 322,800 Cost of goods sold $ 125,600 Equipment 68,000 Accumulated depreciation, equipment. 13,000 Accounts payable 13,800 Unearned sales revenue 11,200 Estimated inventory returns 3,000 Prepaid rent 1,200 Advertising expense 13,700 Office salaries expense (General) 54,000 Interest expense 1,100 Accumulated depreciation, building 99,000 Salaries payable 1,300 Utilities expense (General) 3,800 Accounts receivable 22,000 Dividends 10,000 Building 172,000 Cash 15,400 Estimated refund liability ****** 4,700 Retained earnings, 12/31/2017 62,100 Common stock 15,000 Delivery expense 1,200 Depreciation expense (General). 11,000 Insurance expense (General) 13,000 Inventory 28,600 Mortgage payable (long-term) 35,000 Commission expense 33,000 Supplies 1,300 Print Done The account balances for the year ended December 31, 2018, for Thompson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Net income (loss) Requirement 2. Prepare Thompson Industries, Inc.'s statement of retained earnings. Thompson, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Add: Subtotal Less: The account balances for the year ended December 31, 2018, for Thompson, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Requirement 3. Prepare Thompson Industries, Inc.'s classified balance sheet in report form. Start by completing the asset portion of the statement, and then complete the liabilities and stockholders' equity sections of the statement. Thompson, Inc. Balance Sheet December 31, 2018 Assets Current assets: Cash Prepaid rent Inventory Equipment 15,400 1,200 28,600 68,000 The account balances for the year ended December 31, 2018, for Thompson, Inc., are listed next: BEE (Click the icon to view the accounts.) Read the requirements. Total assets Liabilities Total liabilities Stockholders' Equity Total liabilities and stockholders' equity