From the information below, prepare a properly classified, multiple$-$step income statement complete with earnings per share data. In addition, prepare a property classified retained earnings statement.

Happy Corporation

Trial Balance

$\frac{12}{31}\frac{?}{?}$

Cash $$14,000$

Accounts Receivable $40,000$

Allowance for Bad Debts

Interest Receivable $,1,700$

Inventory $\frac{1}{1}\frac{?}{?}$ ox $,41,500$

Building $..50,000$

Acc Repr$-$Building

Store Fumiture & Fixtures $75,000$

Acc Depr$-$Store Furniture & Fixtures

Long Term Investments $20,000$

Sales Salaries Peyable

Dividends Payable

Income Tax Payable

Common Stock $$10$ par

Retaining Earnings $1/1/>0$

Dividends $10,000$ Saies

Sales Discount $,4,500$

Purchases $,200,000$

Purchases Discounts

$3,000$

$\backslash$table$[[3,000,,4,000],[$Freight in$,,],[$Misc General Expense,$2,500,],[$Orficer Salaries Expense,$55,000,],[$Orfice Wage Expense,$25,000,],[$Misc Office Expense,$3,000,],[$Sales Salaries Expense,$41,600,],[$Misc Selling Expense,$10,000,],[$Derd Expense$-$Building,$2,500,],[$Derd Expense$-$Store F & Fix,$7,500,],[$Bad Debt Expense,$700,]]$

Interest Revenue

Loss on Disposal of Business Seg $30,000$

Operating Loss on Business Seg $20,000$

Income Tax Expense $15,820$

Gain on Sale of Investment

Uninsured Flood Loss

$5679,320$

$3679\mathrm{.}320$

A$)$ Ending Inventory $\frac{12}{31}\frac{?}{?}x$ is $$38,000$

B$)$ The loss on disposat is atready NET of tax of $$6,000,$ the operating loss is atready NET of tax of $$4,000$

C$)$ The uninsured ftood loss is already NET of tax of $$2,000$