Use the following information to prepare a multi -step income statement For dunkin for December 31, 2020. Administrative Expenses -350,000 Cost of Goods Sold- 800,000 Sales- 1,400,000 Sales Returns & Allowances- 40,000 Selling Expenses- 600,000 Utilities Expense- 140,000 Use the information from above, and the following information to prepare a retained earnings statement and classified balance sheet. Cash- 372,000 Unearned Revenue- 55,000 Accounts Receivable- 90,000 Notes Payable(all ST)- 65,000 Common Stock- 44,000 Beginning Retained Earnings- 73,000 Prepaid Insurance- 19,000 Dividends- 34,000 Equipment- 125,000 Accumulated Depreciation- 20,000 Mortgage Payable (all LT)- 140,000 Accounts Payable- 160,000 Short Term Investments- 50,000 Salaries Payable- 50,000

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