The accounts of Try It Out Corporation are listed along with their adjusted balances before closing for the year ended June 30, 2023. Prepaid Expenses 1,000 Accounts payable $ 16,700 Inventory 125,000 Accounts receivable 33,000 Note payable, long-term 50,000 Accumulated depreciation 37,000 Salary payable 2,000 Common Stock 200,000 Supplies Expense 2,500 Retained Earnings, July 1, 2022 40,000 Depreciation Expense 7,500 Cash 84,000 Sales revenue 500,000 Cost of goods sold 250,000 Rent Expense 84,000 Equipment 135,000 Supplies 11,700 Salaries Expense 80,000 Unearned sales revenue 38,000 Notes payable, short-term 10,000 Sales Returns & Allowances 75,000 Sales Discounts 5,000 All month-end adjustments have already been made. Assume all accounts have normal balances. No dividends were declared or paid during the fiscal year. Requirements: 1. Prepare a multi-step income statement 2. Prepared the statement of retained earnings 3. Prepared a classified balance sheet