The following balances are taken from the Trial Balance of Alpha Corp as of December 31, 2018:

Cash $19,000 Accounts Receivable $ 8,000

Accounts Payable 5,500 Equipment 25,000

Interest Income 500 Prepaid Insurance 2,500

Accumulated Depreciation 10,000 Common Stock 20,000

Notes Payable (due in 2019) 7,000 Salaries Expense 28,000

Retained Earnings (beginning) 39,600 Salaries Payable 6,000

Sales 120,000 Supplies 3,000

Sales Discounts 5,000 Supplies Expense 2,400

Utilities Expense 4,200 Cost of Goods Sold 65,000

Inventory 35,000 Deferred Revenue 3,500

Dividends 10,000 Depreciation Expense 5,000

Additional Information:

Common Stock

Authorized shares 50,000

Issued and outstanding shares at 12/31/18 20,000

Par value - $1 per share

5,000 shares issued in 2018

Instructions

Prepare a multiple-step income statement, a statement of stockholders equity, and a classified balance sheet for the year ended December 31, 2018 (in proper form).