You are to make a set of financial statements using the attached adjusted trial balance. Lake City Food Mart is a company that sells merchandise and uses a perpetual inventory system. You are to build a multi-step income statement, a statement of retained earnings, and a balance sheet.

Any help would be appreciated! I want to understand how to construct these statements but the textbook does not make much sense to me... Thank you!

Lake City Food Mart Adjusted Trial Balance December 31, 2020 Credit Balance Account Title Debit Cash $5,600 Accounts Receivable 37,100 Merchandise Inventory 25,800 Office Supplies 1,300 Prepaid Rent 1,000 Furniture 26,500 Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable, long term Common Stock Retained Earnings Dividends 48,000 Sales Revenue Interest Revenue Cost of Goods Sold 81,000 Salaries Expense 72,700 Rent Expense 7,700 Utilities Expense 5,800 Depreciation Expense-Furniture 2,700 Supplies Expense 2,200 Interest Expense 2,900 Total $320,300 $23,800 6,300 2,000 600 2,400 35,000 20,000 2,200 226,000 2,000 $320,300