Tying it all together: Following are all of the transactions affecting Simple Simon Company during 2020: Jan. 1: Simple Simon Co. received $900 in exchange for Common Stock to open the business March 5: Simple Simon bought $300 of merchandise on account, terms n/365. August 12: Simple Simon sold $200 worth of merchandise for $500 cash. December 30: Simple Simon paid salaries of $100. A. Make all of the journal entries for Simple Simon B. Prepare the Multi-Step Income Statement Date Account Title Debit Credit Simple Simon Multi-Step Income Statement For the year ended 12/31/20 C. Prepare closing entries for Simple Simon Date Account Title Debit Credit D. Prepare the Balance Sheet for Simple Simon Simple Simon Balance Sheet As of 12/31/20