WILL GIVE THUMBS UP BUT DON'T ANSWER IN PICTURE

Question 1 The following items are taken from the financial statements of Sunny Company for 2020: 1 $18,500 Accounts Payable Accounts Receivable 4,000 Accumulated Depreciation 4,800 Bonds Payable 18,000 Cash 24,000 Common Stock 25,000 Cost of Goods Sold 13,000 4,800 Depreciation Expense Dividends 5,300 Equipment 48,000 Interest Expense 2,500 Patents 7.500 Retained Earnings, January 1 16,000 Salaries Expense 5,200 Sales Revenue 36,500 Supplies 4,500 Required: Prepare following financial statements for Sunny Company for the year ended 31 December 2020. Show all headings. 1. A multi-step Income Statement 2. A Retained Earnings Statement 3. A classified Balance Sheet