The following selected accounts and their current balances appear in the ledger of Cypress Co. for the fiscal year ended June 30, 2022:

Cash $ 26,500 Sales $ 1,500,000 Notes Receivable 50,000 Sales Returns & Allowances 21,000 Accounts Receivable 62,000 Sales Discounts 11,000 Merchandise Inventory 100,000 Cost of Merchandise Sold 1,070,000 Office Supplies 2,600 Sales Salaries Expense 210,000 Prepaid Insurance 6,800 Advertising Expense 28,300 Office Equipment 64,000 Depreciation Expense - Accumulated Depreciation Store Equipment 4,600 Office Equipment 10,800 Miscellaneous Selling Expense 1,100 Store Equipment 117,500 Office Salaries Expense 41,000 Accumulated Depreciation - Rent Expense 22,150 Store Equipment 48,600 Insurance Expense 12,750 Accounts Payable 27,000 Depreciation Expense - Salaries Payable 2,000 Office Equipment 9,000 Note Payable (10 years) 30,000 Office Supplies Expense 900 Capital Stock 60,000 Miscellaneous Admin Expense 1,200 Retained Earnings 208,000 Interest Revenue 5,000 Dividends 25,000 Interest Expense 4,000

1. Prepare a multiple-step income statement

2. Prepare a retained earnings statement

3. Prepare a balance statement