The information on the next page was extracted from the general ledger of Miles Company on December 31, 20Y6 after all adjusting entries had been posted. All accounts have normal balances. There were no investments by the owner during the fiscal year. Miles Company has a December 31st fiscal year end. Prepare the: a. Adjusted Trial Balance as of December 31, 20Y6. b. Multi-step Income Statement for the year ended December 31, 20Y6. c. Statement of Owners Equity for the year ended December 31, 20Y6. d. Classified Balance Sheet (in report form) as of December 31, 20Y6.

Account	Balance
Accounts Payable	16,000
Accounts Receivable	31,000
Accumulated Depreciation - Office Equipment	13,000
Accumulated Depreciation - Store Equipment	72,000
Advertising Expense	27,000
Cash	52,000
Cost of Merchandise Sold	210,000
Customer Refunds Payable	3,000
Depreciation Expense - Office Equipment	6,000
Depreciation Expense - Store Equipment	14,000
Estimated Returns Inventory	4,000
Insurance Expense	12,000
Interest Expense	2,000
Land	90,000
Mark Miles, Capital	264,000
Mark Miles, Drawing	137,000
Merchandise Inventory	55,000
Miscellaneous Administrative Expense	7,000
Notes Payable - Long Term (Due 20Y8)	40,000
Notes Payable - Short Term	20,000
Office Equipment	60,000
Office Salaries Expense	49,000
Prepaid Insurance	8,000
Rent Expense - Office	32,000
Rent Revenue	24,000
Salaries Payable	3,000
Sales	600,000
Sales Salaries Expense	95,000
Store Equipment	160,000
Supplies	9,000
Unearned Rent	5,000