The adjusted trial balance of Scribner Company appears below and using the information from the adjusted trial balance, you are to prepare, in good form, for the month ending December 31, 2016.

1. a multi-step income statement (15 points);

2. a retained earnings statement (5 points) and

3. a classified balance sheet. (25 points)

Scribner Company

Adjusted Trial Balance

December 31, 2016

_____________________________________________________________________________

Debit Credit

Cash ........................................................................................................ $ 7,100

Accounts Receivable .............................................................................. 2,200

Office Supplies ....................................................................................... 3,200

Long-term Investments.. 4,000

Land .. 1,000

Office Equipment ................................................................................... 15,000

Copyright 2,000

Accumulated DepreciationOffice Equipment ..................................... $ 4,000

Accounts Payable ................................................................................... 6,300

Dividends Payable 200

Bonds Payable (due in 5 years) . 1,500

Discount on Bonds Payable. 500

Common Stock....................................................................................... 16,000

Treasury Stock. 1,000

Retained Earnings (beginning)................................................................ 7,400

Dividends ................................................................................................ 300

Sales Revenue ...................................................................................... 8,700

Gain on Disposal of Plant Assets 400

Sales Discounts . 2,000

Sales Returns and Allowances. 1,000

Interest Expense .. 100

Office Supplies Expense ........................................................................ 600

Cost of Goods Sold Expense ................................................................. 2,500

Rent Expense ......................................................................................... 900

Income Tax Expense.............................................................................. 1,100

$44,500 $44,500