Your company prepared the alphabetical trial balance on the following page (adjusting entries for the end of the year have already been made) as of December 31, 2022 (last year): Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Accumulated Depreciation - Building Allowance for Doubtful Accounts Amortization Expense Available for Sale Securities (stocks of other companies) Bad Debts Expense Building Cash Cash Dividend Declared Common Stock, $10 par, 20,000 shares authorized Cost of Goods Sold (perpetual inventory) Depreciation Expense Dividend Income Equipment Income Tax Expense (30% rate) Income Tax Payable (30% rate) Insurance Expense Interest Expense Interest Payable Loss from Sale of Assets Merchandise Inventory Notes Payable ($2,482 of principal is due in March, 2023) Paid in Capital in Excess of Par - Common Patent Prepaid Insurance Retained Earnings, January 1 Sales Utilities Expense Wages Expenses Wages Payable TOTAL DEBITS CREDITS $8,412 $7,217 800 5,250 1,532 112,000 943 1,800 68,007 11,648 93,517 ??? 6,120 1,835 6,815 10,052 4,200 800 19,964 22,000 1,687 90,000 375 ??? 415 11,961 35,447 29,718 143,209 6,597 24,672 $363,805 INSTRUCTIONS: Based upon the list of accounts and balances above, use a computer spread- sheet to prepare the (1) FORMAL multiple step income statement (including earnings per share, assuming that 1,000 shares of common stock were sold on October 1, 2022 and there are no items which require the calculation of diluted earnings per share), (2) retained earnings statement, and (3) classified balance sheet for YOUR company for the year ended December 31, 2022. Assume a flat 30% tax rate on all items. You do not have to prepare a cash flow statement for this assignment, but you will be doing one in future assignments. Report all amounts with no decimals (except earnings per share which should have two decimals). 617 $363,805

Your company prepared the alphabetical trial balance on the following page (adjusting entries for Your cosapany prepared the ajplabetical trial balance on the followiag page (adjusting INSTRUCTIONS: Based upon the list of accounts and balances above, use a computer spreadsheet to prepare the (1) FORMAL multiple step income statement (including earnings per share, assuming that 1,000 shares of common stock were sold on October 1,2022 and there are no items which require the calculation of diluted earnings per share), (2) retained earnings statement, and (3) classified balance sheet for YOUR company for the year ended December 31, 2022. Assume a flat 30% tax rate on all items. You do not have to prepare a cash flow statement for this assignment, but you will be doing one in future assignments. Report all amounts with no decimals (except eamings per share which should have two decimals)