atement Preparation Use the Adjusted Trial Balance of Vacations at the Beach, Inc - Provided below Assignment: Prepare the 3 Financial Statements: using the format attached. (tab 2) The Income Statement should be a Multi-step Income Statement The Balance Sheet is a Classified Balance Sheet in the Vertical format. (3 columns) No late submissions. We will grade the answers in-class. Vacations at the Beach, Inc Adjusted Trial Balance June 31, 2021 Account Debit Credit Cash $ 24,750 Accounts Receivable $ 55,750 Inventory $ 98,500 Office Supplies 3,525 Prepaid Insurance $ 4,785 Machine - Surf Boards 2,750 Accumulated Depreciation - Machine Building Accumulated Depreciation - Building Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Sales $ 1,150 es $ 7,000 $ 1,000 $ 3,550 $ 7,500 $ 17,725 $ 2,000 $ 6,250 $ 250,000 Cost of Goods Sold $ 65,000 Sales Salary Expense Advertising Expense Statemen $ 5,425 $ 2,000 Office Salary Expense $ 1,000 Office Supplies Expense $ 1,465 Store Supplies Expense $ 5,150 Depreciation Expense- Machine $ 275 Depreication Expense - Store (Building) $ 300 Surfing Camp Revenue - non recurring $ 1,000 Totals $ 283,925 $ 283,925 Rubric: Income Statement Statement of Owner's Equity Balance Sheet 325 2