Using the adjusted trial balances for December 31, 20xx (fiscal year end), provide a multiple-step income statement, statement of retained earnings, and classified balance sheet for the year ending December 31, 20xx. These statements should be in the appropriate format. The examples of a multiple-step income statement and classified balance sheet at the back of the Chapter 3 notes should prove especially helpful for this.

Account Names Sales Revenue Building Cost of Goods Sold Accumulated Depreciation (Building) Additional Paid in Capital-Common Stock Land Inventory Retained Earnings (Beginning) Long-Term Notes Payable Bond Payable (Long-Term) Additional Paid in Capital-Preferred Stock Salaries Expense (Admin) Rent Expense (Selling) Unearned Revenue Accounts Receivable (Gross) Goodwill Held-to-Maturity Securities Accounts Payable Treasury Stock Patents, Net Interest Expense Cash Equipment Income Tax Expense Trading Securities Trademarks, Net Accumulated Depreciation (Equipment) Common Stock Depreciation Expense (Building-Admin) Prepaid Rent Depreciation Expense (Equipment-Selling) Current Portion of Note Payable Preferred Stock Supplies Salaries Payable Bad Debt Expense $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Balances 1,094,715 844,205 463,832 261,926 248,442 161,474 121,774 104,236 96,120 92,965 74,942 60,709 58,451 54,089 53,937 50,554 45,266 44,135 37,866 33,088 30,721 26,791 23,858 23,817 22,412 16,163 12,936 12,330 11,806 6,948 6,209 5,837 5,354 4,516 4,434 4,194 Supplies Expense (Admin) Allowance for Doubtful Accounts Available-for-Sale Securities Gain on Sale of Building Unrealized Loss on Trading Securities Extraordinary Gain, Net of Taxes Common Stock Dividends Advertising Expense (Selling) Unrealized Gain on Available for Sale Securities Preferred Stock Dividends Loss from Discontinued Operations, Net of Taxes $ $ $ S $ $ $ $ $ $ S $ $ $ $ 3,533 2,697 2,015 1,955 1,736 1,664 1,324 1,228 852 780 422 Account Names Sales Revenue Building Cost of Goods Sold Accumulated Depreciation (Building) Additional Paid in Capital-Common Stock Land Inventory Retained Earnings (Beginning) Long-Term Notes Payable Bond Payable (Long-Term) Additional Paid in Capital-Preferred Stock Salaries Expense (Admin) Rent Expense (Selling) Unearned Revenue Accounts Receivable (Gross) Goodwill Held-to-Maturity Securities Accounts Payable Treasury Stock Patents, Net Interest Expense Cash Equipment Income Tax Expense Trading Securities Trademarks, Net Accumulated Depreciation (Equipment) Common Stock Depreciation Expense (Building-Admin) Prepaid Rent Depreciation Expense (Equipment-Selling) Current Portion of Note Payable Preferred Stock Supplies Salaries Payable Bad Debt Expense $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Balances 1,094,715 844,205 463,832 261,926 248,442 161,474 121,774 104,236 96,120 92,965 74,942 60,709 58,451 54,089 53,937 50,554 45,266 44,135 37,866 33,088 30,721 26,791 23,858 23,817 22,412 16,163 12,936 12,330 11,806 6,948 6,209 5,837 5,354 4,516 4,434 4,194 Supplies Expense (Admin) Allowance for Doubtful Accounts Available-for-Sale Securities Gain on Sale of Building Unrealized Loss on Trading Securities Extraordinary Gain, Net of Taxes Common Stock Dividends Advertising Expense (Selling) Unrealized Gain on Available for Sale Securities Preferred Stock Dividends Loss from Discontinued Operations, Net of Taxes $ $ $ S $ $ $ $ $ $ S $ $ $ $ 3,533 2,697 2,015 1,955 1,736 1,664 1,324 1,228 852 780 422