use the following accounts and prepare the following for Crenshaw, Inc at Decemeber 31,2020:

1.multi-step income statement

2.statement of retained earnjngs and

3.balance sheet for crenshaw inc. at decemeber 31,2020

Data for Question 2 Preparation of Financial Statements: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Cost of Goods Sold Common Stock Depreciation Expense Dividends Equipment Income Tax Expense Insurance Expense Interest Expense Interest Income Interest Payable Inventory Note Payable Due 2025 Retained Earnings Revenue Salaries Expense 2,500 47,000 4,000 175,000 325,000 100,000 2,000 5,000 10,000 35,629 1,200 350 500 600 13,000 14,000 2,579 500,000 10,000