Question: , data additional data questions The Trial Balance TBA Limited contained the following accounts (alphabetically) at December 31, 2020, the end of company's fiscal year.

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, data additional data questions The Trial Balance TBA Limited contained the

data

following accounts (alphabetically) at December 31, 2020, the end of company's fiscal

additional data

year. ...... .... ... ....... ... Accounts ..... Balances ($)... III -...

questions

The Trial Balance TBA Limited contained the following accounts (alphabetically) at December 31, 2020, the end of company's fiscal year. ...... .... ... ....... ... Accounts ..... Balances ($)... III -... Accounts ...... Balances ($) Accumulated Depreciation-Building.... 128000.. III.... Loss on Sale of Property .7370 Accumulated Depreciation-Equipment....... 36000.. ... ||| .... Merchandise Inventory .... 227000 Additional Paid in Capital-Common Stock.. 224000. ... ||| .... Mortgage Loan ........ 100000 Auditors Fee .... 204000... III . ... Rent Revenue .... 51000 Buildings.... 409000... . III . ... Retained Earnings .... 50100 Cash 173260... III . ... Salaries and Wages Expense Common Stock ($2 each).... 111000.. ... III . ... Sales 1759000 Cost of Goods Sold .... 1088000.. . III .... Sales Returns and Allowances ....... 8970 Equipment .... 205000... . III . . . . Supplies .... 6300 Interest Expense III .. .... .... 108000 .... .... ....... .... 22200... Additional Data: 1. On December 31, 2020, Supplies on hand totaled $2300 2. Buildings are being depreciated @10% under straight line method, Equipment is being depreciated @20% under declining balance method. 3. The company is under 20% tax bracket. 4. The company has declared $0.4 dividend per share. 5. Physical check on December 31, 2020 reveals that inventory actually on hand is $213000. Prepare the followings: (a) Multistep income statement; (b) Stockholder_s Equity Statement (c) Classified Balance Sheet as at December 31, 2020

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