this is the second part of the problem

i already got the first part answered, which is the journap entries. i just need to know how to prepare the income statement for the income date data and retained earnings and balance sheet date. thanks

CP 15-1 Ethics in Financial assets i often be valued instruments that be valued on t Cases & Projects Cost of merchandise sold Depreciation and equipment 4500 Gain on sale of investment Income from Pirkberry Ca Income tax expense Interest expense prices or critica what 2,720 14,000 170,000 5,254,000 Miscellaneous selling espenie Office rent expense Group Proje Office salaries expense Office supplies expense Sales commissions Sales salaries expense From t Store supplies expense Retained earnings and balance sheet data: 5 194300 Accounts receivable Accumulated depreclation-office buildings and equipment 1,580,000 Accumulated depreciation-shore buildings and equipment4126,000 Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%,due 2012 Common stock, $20 par (400,000 shares authorized 100,000 shares issued, 94,600 outstanding) Dividends: Cash dividends for common stock Cash dividends for preferred stock 100,000 Income tax payable Real Interest receivable 1,125 1,009,300 Irvestment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, Year 1), at lower of cost (IFIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock Excess of issue price over par-common stock Excess of issue price over par--preferred stock Preferred 5% stock. S80 par (30,000 shares authorized; 4320,000 13,000 150,000 20,000 shares issued) Premium on bonds payable Prepaid expenses Retained earnings, January 1, Year 1 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of 1,600,000 19,000 27.400 9,319,725 12,560,000 533 per share) Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments 178,200 (6,500) Chapter 15 Inwestments and Fair Value Accounting Determine the missing letters in the unclassified halance sheet. Pronide supporting calculations. rehensive Problem4 Selected transactions completed by Equinox Products Inc during the fiscal year ended December 31, Year 1, were as follows: a. Issued 15,000 shares of $20 par common stock at $30, receiving cash b. Issued 4,000 shares of S80 par preferred 5% sick at $100, receiving cash C. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable d. Declared a quarterly divilend of $0.50 per share on common tock a no treasury shares were held and 20,000 shares of e. Paid the cash dividends declared in (d) f. Purchased 7,500 shares of Solstice Corp. at $40 preferred stock were mission. The i per share plus a $150 brokerage com- nvestment is classified as an available-for-sale investment. Purchased 8,000 shares of treasury common stock at $33 per share h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per share. Pinkberry has 125,000 shares issued and outstanding. Ei Products 1 treated the investment as an equity method investment. i. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders k. Received $27,500 dividend from Pinkberry Co. investment in (h). 1. Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are classified as a held- to-maturity long-term investment. m. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of $0.60 per share from the Solstice Corp. investment in ( o. Sold 1,000 shares of Solstice Corp. at $45, including commission Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method q. Accrued interest for three months on the Dream Inc. bonds purchased in O) r. Pinkberry Co. recorded total earnings of $240,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was $39.02 per share on December 31, Year 1. The investment is adjusted to fair value, using a valuation allowance account. Assume that Valuation Allowance for Available-for-Sale Investments had a beginning balance of zero. Instructions I. Journalize the selected transactions. 2. After all of the transactions for the year ended December 31, Year 1, had been posted lincluding the transactions recorded in part (1) and all adjusting entriesl, the data that follows were taken from the records of Equinox Products Inc. concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. Round earnings per share to the nearest cent. a. Prepare a multiple-step income statement for the year ended December 31, Year 1, b. Prepare a retained earnings statement for the year ended December 31, Year 1. c. Prepare a balance sheet in report form as of December 31, Year 1. Continued) 3,700,000 140,500 1,000 7.500 14,000 Interest espense Office salanies 21,000 5 194300 545,000 ,580,000 4,126,000 8450 260,130 Store supplies expense Accounts payable Common stock, $20 par (400,000 shares authorized 100,000 shares ssued 94,600 outstanding) 155,120 Cash dividends for common stock Cash dividends for prefesed stock Ree 44,000 1,125 ,009,300 Income tax payable Interest receivable Investment in Pinkberry Co.stock (equity method) nvestment in Dream Inc. bonds 0ong term) Merchandise inventory (December 31, Year 11, at lower of cost IFIFO) or market Office buildings and equipment Paid-in capitalfrom sale of treasury stock 4,320,000 13,000 Excess of ssue prike over par-common stock Excess of issue price over par-preferred stock Preferred 5% stock, S80 par (30,000 shares authorized; 20,000 shares issued Premium on bonds payable Prepaid expenses Retained earnings January 1,Year 1 Store buildings and equipment Treasury stock (S,400 shares of common stock at cost of 1,600,000 19,000 27.400 9,319,725 12,560,000 $33 per sharel Unrealized gain loss) on available-for Valuation allowance -sale investments for available-for-sale investments 178,200 (6,500) 6,500)