These items are taken from the 2020 trial balance of Suarez Inc. (Assume no taxes): 70,000 Accounts payable Sales Revenue Unearned Revenue 535,000 15,000 75,000 Salaries expense Common Stock 239,000 Land 260,000 Inventory 75,000 Cost of goods sold 420,000 Retained earnings (beginning) 113,000 Advertising expense 15,000 Accounts receivable 90,000 Prepaid insurance expense 5,000 Notes payable (due 2024) 20,000 5,000 Insurance expense Cash 45,000 Interest expense 2,000 Other revenue from Investments 8,000 Dividends 8,000 Required: In an excel spreadsheet: a. Use an excel spreadsheet and prepare a multi-step income statement (Exhibit 3.1 in book an example), statement of stockholders' equity (Exhibit 1-4 an example), and a classified balance sheet (Exhibit 2.8 in book as an example) for December 31, 2020 for Suarez Inc. (Points will be awarded for neatness and format). [Hint: First prepare the income statement because the net income carries to the statement of stockholders' equity where it and dividends impact the retained earnings balance, the updated retained earnings balance then finds its way to the balance sheet]