An adjusted trial balance is set forth below for ABC Corporation following its first year of operations. ADJUSTED TRIAL BALANCE December 31, 2020 Credit Debit 300,000 300,000 40,000 250,000 Cash Accounts Receivable (net) Inventory Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Long Term Note Payable Common Stock Revenue COGS Depreciation Expense Operating Expenses Income Tax Expense Dividends Paid 25,000 75,000 40,000 300,000 400,000 900,000 500,000 25,000 275,000 40,000 10.000 1,740,000 1,740,000 Prepare a Multi-Step Income Statement. Classified Balance Sheet, and Statement of Cash Flows. You can assume the equipment was purchased with cash