We sold marketable securities at no gain or loss that had a cost of $10,000

2) Proceeds from the sale of equipment, with a Cost of $35,000

3) The Long-term investments that were sold had NO cost basis, ie BV was zero

4) Gain on sale of Discontinued Operations was totally from Operations, NO assets were sold

Also on the tab "Trial Balances" are the beginning and ending trial balances for 2021 in alphabetical order, NOT in classification order, or Chart of Accounts order. You will therefore have to figure out where the items go in the requirements below.

Between the trial balances and the additional information you are required to do the following:

1) The formal Multi-Step income statement for 2021

2) The formal statement of Retained earnings for 2021

3) The formal Classified Balance Sheet for 2021

4) The formal Statement of Cash Flows for 2021

5) Had (ie these do not affect any work above) the company had the following Comprehensive income items prepare the Schedule of Comprehensive income based upon the income arrived at in 1 above

a) Foreign currency translation loss of $10,000, net of tax

b) Cost of Defined Benefits plans is $5,000, net of tax

Show all work and calculations

\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & A & B & C & D & E & F & G \\ \hline 1 & & & & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } \\ \hline 2 & & & & \multicolumn{2}{|c|}{ Adjusted Trial Balance } & \multicolumn{2}{|c|}{ Adjusted Trial Balance } \\ \hline 3 & & & & \multicolumn{2}{|c|}{ at December 31, 2021} & \multicolumn{2}{|c|}{ at December 31, 2020} \\ \hline 4 & & & Account Name & Debit & Credit & Debit & Credit \\ \hline 5 & \multicolumn{3}{|c|}{ Accounts Payable } & & 88,000 & & 68,000 \\ \hline 6 & \multicolumn{3}{|c|}{ Accounts Receivable } & 100,000 & & 95,000 & \\ \hline 7 & \multicolumn{3}{|c|}{ Accum Depr - Bldg } & & 90,000 & & 70,000 \\ \hline 8 & \multicolumn{3}{|c|}{ Accum Depr - Equip } & & 150,000 & & 134,000 \\ \hline 9 & \multicolumn{3}{|c|}{ Accumulated Other Comprehensive Income } & & 15,000 & & 15,000 \\ \hline 10 & \multicolumn{2}{|c|}{ Building } & & 200,000 & & 200,000 & \\ \hline 11 & Cash & & & 12,000 & & 8,000 & \\ \hline 12 & COGS & \multicolumn{2}{|c|}{ Raw Material } & 172,000 & & & \\ \hline 13 & COGS & \multicolumn{2}{|c|}{ Direct Labor } & 135,000 & & & \\ \hline 14 & COGS & \multicolumn{2}{|c|}{ MFOI Various Overhead Expenses } & 40,000 & & & \\ \hline 15 & COGS & \multicolumn{2}{|c|}{ MFOI Depreciation - Bldg } & 15,000 & & & \\ \hline 16 & COGS & \multicolumn{2}{|c|}{ MFOI Depreciation - Equip } & 15,000 & & & \\ \hline 17 & \multicolumn{3}{|c|}{ Common Stock, \$15 Par } & & 200,000 & & 160,000 \\ \hline 18 & \multicolumn{3}{|c|}{ Current Portion of LTD } & & 30,000 & & 13,000 \\ \hline 19 & Divide & ends & & 20,000 & & & \\ \hline 20 & Equipn & ment & & 400,000 & & 300,000 & \\ \hline 21 & Gain o & on Sal & e of Long Term Investments & & 5,000 & & \\ \hline 22 & Gain o & on Dis & continued operations & & 20,000 & & \\ \hline 23 & Income & e tax & expense on discontinued operations & 5,000 & & & \\ \hline 24 & Income & e tax & Expense & 66,000 & & & \\ \hline 25 & Income & e Tax & es Payable & & 18,000 & & 12,000 \\ \hline 26 & Intere & est anc & Dividend Income & 4,000 & & & \\ \hline 27 & Intere & est Exp & ense & 20,000 & & & \\ \hline 28 & Invent & tory & & 60,000 & & 40,000 & \\ \hline 29 & Land & & & 40,000 & & 40,000 & \\ \hline 30 & Long-t & term & ebt, net & & 130,000 & & 100,000 \\ \hline 31 & Long-t & term i & nvestments & 50,000 & & 30,000 & \\ \hline 32 & Loss of & f Sale & of Equipment & 10,000 & & & \\ \hline 33 & Marke & etable & securities & 75,000 & & 50,000 & \\ \hline 34 & Note p & payab & le - current & & 40,000 & & 90,000 \\ \hline 35 & OE & Vario & us Operating Expense & 160,000 & & & \\ \hline 36 & OE & Depr & eciation - Bldg & 5,000 & & & \\ \hline 37 & OE & Depr & eciation - Equip & 5,000 & & & \\ \hline 38 & Paid in & n Capi & & & 100,000 & & 80,000 \\ \hline 39 & Patent & & & 90,000 & & 50,000 & \\ \hline 40 & Prepai & & & 8,000 & & 10,000 & \\ \hline 41 & Retain & ned ea & rnings & & 80,000 & & 80,000 \\ \hline 42 & Salari & ies Pay & jable & & 26,000 & & 16,000 \\ \hline 43 & Sales & Reven & & & 758,000 & & \\ \hline 44 & Treasu & urey S & tock & 40,000 & & 15,000 & \\ \hline 45 & Unrea & alized & Loss on Mkt Securities & 3,000 & & & \\ \hline 46 & & & & & & & \\ \hline 47 & & & & & & & \\ \hline 48 & & & & & & & \\ \hline 49 & & & & & & & \\ \hline 50 & & & & & & & \\ \hline 51 & Total & & & 1,750,000 & 1,750,000 & 838,000 & 838,000 \\ \hline 52 & & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & A & B & C & D & E & F & G \\ \hline 1 & & & & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } \\ \hline 2 & & & & \multicolumn{2}{|c|}{ Adjusted Trial Balance } & \multicolumn{2}{|c|}{ Adjusted Trial Balance } \\ \hline 3 & & & & \multicolumn{2}{|c|}{ at December 31, 2021} & \multicolumn{2}{|c|}{ at December 31, 2020} \\ \hline 4 & & & Account Name & Debit & Credit & Debit & Credit \\ \hline 5 & \multicolumn{3}{|c|}{ Accounts Payable } & & 88,000 & & 68,000 \\ \hline 6 & \multicolumn{3}{|c|}{ Accounts Receivable } & 100,000 & & 95,000 & \\ \hline 7 & \multicolumn{3}{|c|}{ Accum Depr - Bldg } & & 90,000 & & 70,000 \\ \hline 8 & \multicolumn{3}{|c|}{ Accum Depr - Equip } & & 150,000 & & 134,000 \\ \hline 9 & \multicolumn{3}{|c|}{ Accumulated Other Comprehensive Income } & & 15,000 & & 15,000 \\ \hline 10 & \multicolumn{2}{|c|}{ Building } & & 200,000 & & 200,000 & \\ \hline 11 & Cash & & & 12,000 & & 8,000 & \\ \hline 12 & COGS & \multicolumn{2}{|c|}{ Raw Material } & 172,000 & & & \\ \hline 13 & COGS & \multicolumn{2}{|c|}{ Direct Labor } & 135,000 & & & \\ \hline 14 & COGS & \multicolumn{2}{|c|}{ MFOI Various Overhead Expenses } & 40,000 & & & \\ \hline 15 & COGS & \multicolumn{2}{|c|}{ MFOI Depreciation - Bldg } & 15,000 & & & \\ \hline 16 & COGS & \multicolumn{2}{|c|}{ MFOI Depreciation - Equip } & 15,000 & & & \\ \hline 17 & \multicolumn{3}{|c|}{ Common Stock, \$15 Par } & & 200,000 & & 160,000 \\ \hline 18 & \multicolumn{3}{|c|}{ Current Portion of LTD } & & 30,000 & & 13,000 \\ \hline 19 & Divide & ends & & 20,000 & & & \\ \hline 20 & Equipn & ment & & 400,000 & & 300,000 & \\ \hline 21 & Gain o & on Sal & e of Long Term Investments & & 5,000 & & \\ \hline 22 & Gain o & on Dis & continued operations & & 20,000 & & \\ \hline 23 & Income & e tax & expense on discontinued operations & 5,000 & & & \\ \hline 24 & Income & e tax & Expense & 66,000 & & & \\ \hline 25 & Income & e Tax & es Payable & & 18,000 & & 12,000 \\ \hline 26 & Intere & est anc & Dividend Income & 4,000 & & & \\ \hline 27 & Intere & est Exp & ense & 20,000 & & & \\ \hline 28 & Invent & tory & & 60,000 & & 40,000 & \\ \hline 29 & Land & & & 40,000 & & 40,000 & \\ \hline 30 & Long-t & term & ebt, net & & 130,000 & & 100,000 \\ \hline 31 & Long-t & term i & nvestments & 50,000 & & 30,000 & \\ \hline 32 & Loss of & f Sale & of Equipment & 10,000 & & & \\ \hline 33 & Marke & etable & securities & 75,000 & & 50,000 & \\ \hline 34 & Note p & payab & le - current & & 40,000 & & 90,000 \\ \hline 35 & OE & Vario & us Operating Expense & 160,000 & & & \\ \hline 36 & OE & Depr & eciation - Bldg & 5,000 & & & \\ \hline 37 & OE & Depr & eciation - Equip & 5,000 & & & \\ \hline 38 & Paid in & n Capi & & & 100,000 & & 80,000 \\ \hline 39 & Patent & & & 90,000 & & 50,000 & \\ \hline 40 & Prepai & & & 8,000 & & 10,000 & \\ \hline 41 & Retain & ned ea & rnings & & 80,000 & & 80,000 \\ \hline 42 & Salari & ies Pay & jable & & 26,000 & & 16,000 \\ \hline 43 & Sales & Reven & & & 758,000 & & \\ \hline 44 & Treasu & urey S & tock & 40,000 & & 15,000 & \\ \hline 45 & Unrea & alized & Loss on Mkt Securities & 3,000 & & & \\ \hline 46 & & & & & & & \\ \hline 47 & & & & & & & \\ \hline 48 & & & & & & & \\ \hline 49 & & & & & & & \\ \hline 50 & & & & & & & \\ \hline 51 & Total & & & 1,750,000 & 1,750,000 & 838,000 & 838,000 \\ \hline 52 & & & & & & & \\ \hline \end{tabular}