The adjusted trial balance of Nelson Corporation at December 31, 2014, follows. Requirement 1. Prepare Nelson Corporation's 2014 single step income statement. Statement of retained earnings and balance sheet. List expense(expect for income tax) in decreasing order on the income statement and show total liabilities on the balance sheet. The adjusted trial balance of Nelson Corporation at December 31, 2014, follows. Requirement 1. Prepare Nelson Corporation's 2014 single step income statement. Statement of retained earnings and balance sheet. List expense(expect for income tax) in decreasing order on the income statement and show total liabilities on the balance sheet