The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2017, the end of the current year:

Accounts payable	82700
Accounts receivable	106080
Accumulated depreciation equipment	27540
Depreciation expense	800
Interest revenue	1300
Cash	83350
Common stock (10,000 shares outstanding)	100000
Cost of merchandise sold	636550
Dividends declared	18100
Equipment	140450
General expenses	114250
Interest expense	5600
Merchandise inventory	154250
Prepaid insurance	12325
Retained earnings	?
Dividend Revenue	10000
Salaries Payable	18560
Sales	986520
Selling expenses	140300

The president of AISExperts Inc., has asked you to develop a flexible financial statement package (call the file yournameFinState17), 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

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) only data entry sheet. All other statements should be linked to either the data entry sheet or another statement.

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.

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).

Arriving at the correct solution using appropriate formulas and the correct format for financial statements will allow you to keep your current position (with a score of 85). The presentation of the financials (i.e. underlining, bold, font, commas, color etc.) will potentially enable you to secure a promotion (an additional 15 points). Good Luck.