The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2018, the end of the current year:

Accounts payable	81500
Accounts receivable	100580
Accumulated depreciation equipment	36540
Depreciation expense	10000
Marketable securities	11250
Interest revenue	1100
Cash	78470
Finished goods inventory	73500
Available-for-sale securities	6000
Common stock (10,000 shares outstanding)	100000
Prepaid rent	15000
Cost of goods sold	625650
Dividends declared	32000
Insurance expense	2200
Lease obligation	5200
Equipment	114450
General expenses	110250
Interest expense	5800
Raw materials inventory	51000
Rent expense	2000
Prepaid insurance	11325
Retained earnings	?
Dividend revenue	10250
Work-in-process inventory	52200
Leased equipment	6000
Salaries payable	26700
Sales	987500
Selling expenses	136210

The president of AISExperts Inc., has asked you to develop a flexible financial statement package (call the file yournameFinState18), using Excel that includes:

• a data entry sheet
• an adjusted trial balance,
• a single-step income statement,
• a multi-step income statement,
• a statement of retained earnings,
• a classified balance sheet, and
• a post-close trial balance

You can ignore taxes in this project.

Each statement must be on one sheet in the file and this file should allow the financial statements to be prepared quickly by entering account balances in the appropriate cells on the first sheet of the file (book) data entry sheet.

Include percentages in the Income Statement (vertical analysis) i.e. gross profit percentage, % of selling expenses to sales, etc.

Your file must contain documentation with comments (Excel feature).

Use the financial information above as input for your statements. Only formulas/cell references should appear on all sheets except your data entry sheet (except titles and dates; dates and titles should be placed at the top of the each sheet; do not use headers).