Account Active Runner Store Adjusted Trial Balance For the year ended December 31, 2020 Accounts Payable Debit Credit $ 4,000.00 Accounts receivable $8,500.00 Accumulated amortization, equipment $ 9,000.00 Amortization expense, equipment Sales Discounts Cash Cost of Goods Sold Equipment Insurance expense Interest expense $ 4,500.00 $ 400.00 $ 1,200.00 $76,000.00 $ 75,110.00 $ 350.00 $ 140.00 Richard Roland, capital $ 32,500.00 Richard Roland, withdrawals $ 1,200.00 Inventory Notes payable $2,100.00 $ 3,000.00 Rent expense $ 660.00 Rent revenue $ 1,200.00 Salaries expense $ 2,700.00 Sales $125,000.00 Sales returns and allowances $ 1,400.00 Supplies $ 350.00 Supplies expense, store $ 90.00 $174,700 $174,700 a. Use the information above to prepare a multi-step income statement for the year ended December 31, 2020 (6 marks) b. Prepare the Statement of Changes in Equity and a Classified Balance Sheet (5 marks) c. Prepare the necessary closing entries at December 31, 2020 (4 marks)