Use the following information to prepare a multistep income statement and a balance sheet for Trias Company for Year 2.

Operating Expenses ........................................................$ 45,000 

Allowance for Doubtful Accounts ...................................$ 6,500
Accounts Payable ..............................................................48,000 

Sales Revenue ...................................................................350,000
Land .....................................................................................45,000 

Uncollectible Accounts Expense ........................................9,600
Dividends ............................................................................10,000 

Accounts Receivable ..........................................................92,000
Beginning Retained Earnings .........................................120,100 

Salaries Payable ................................................................10,500
Interest Revenue ...............................................................12,000 

Supplies ..............................................................................4,500
Inventory ............................................................................105,000 

Prepaid Rent ......................................................................16,000
Notes Receivable (short term) .........................................15,000 

Common Stock ..................................................................60,000
Cash .......................................................................................6,700 

Cost of Goods Sold ..........................................................225,000
Interest Receivable (short term) .........................................2,100 

Salaries Expense .................................................................61,200
Cash Flow from Investing Activities ................................(91,600) 

Unearned Revenue .............................................................40,000