The accounts of Taylor Electronics Company are listed along with their balances before closing for the month ended March 31, 2012.

Requirements
1. Prepare Taylor Electronics€™ multi-step income statement.
2. Prepare Taylor Electronics€™ statement of retained earnings.
3. Prepare Taylor Electronics€™ classified balance sheet in reportform.

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200 Accounts payable 45,100 Accounts receivable 46,000 Accumulated depreciation 2,700 Retained eamings, Feb 28 2,900 Dividends 7,500 Cash 297,000 Cost of goods sold 38,200 Equipment 6,000 General expenses 13,800 Common stock $ 16,700 %24 Interest revenue 33,600 Inventory Note payable, long-term Salary payable Sales discounts 37,700 38,600 20,000 Sales returns and allowances 8,000 Sales revenue 162,300 Selling expense Supplies Uncarned sales revenue 129,100 16,700 15,500 Interest payable 1,200