Using the adjusted trial balance below, prepare the following financial statements for Custom Cupcakes, Inc. for the year ended December 31, 2021: a) multiple-step income statement, b) statement of retained earnings, and c) classified balance sheet. Custom Cupcakes, Inc. Adjusted Trial Balance For the Year Ended December 31, 2021 Debit Credit Cash $73,600 Accounts Receivable 66,300 Allowance for Doubtful Accounts $2,000 Merchandise Inventory 19,700 Supplies 4,000 Prepaid Insurance 6,500 Land 201,600 Office Equipment 204,600 Accumulated Depreciation - Office Equipment 72,750 Patents 17,500 Trademarks 12,000 Notes Payable (Current Portion) 1,500 Check Figures: Accounts Payable 55,000 Income from Unearned Rent 4,500 Operations: $170,600 Salaries Payable 28,700 Interest Payable 6,000 Retained Earnings Notes Payable, Due 2026 166,000 12/31/21: $98,350 Bonds Payable 100,000 Total Assets: $531,050 Discount on Bonds Payable 4,000 Common Stock 70,000 Paid in capital in excess of par-Common Stock 30,000 Treasury Stock 25,000 Retained Earnings 1/1/21 11,750 Dividends 52,000 Sales 365,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 55,000 Administration Expenses 56,500 Selling Expenses 41,500 Bad Debt Expense 3,500 Depreciation Expense 17,900 Interest Expense 12,000 Loss on Sale of Equipment 20,000 TOTAL $913,200 $913,200