Question: I need a multi step income statement Prepare a statement of retained earnings cost of goods sold statement I figured out a majority of it,

I need a multi step income statement
Prepare a statement of retained earnings
cost of goods sold statement
I figured out a majority of it, just want to compare my answers to someone elses to make sure I have it correct
I. (15 pts) Income Statement/Retained Earnings Statement Amy-Jill Corporation's capital structure consists solely of shares of common stock 1/1/2016 5,000 Shares 12/31/2016 15,000 Shares There is no Preferred Stock. At December 31 2016, an analysis of the accounts and discussions with company officials revealed the following information: Accounts Payable Accounts Receivable Accrued Real Estate Taxes Payable Accumulated Depreciation Machinery and Equipment Allowance for Doubtful Accounts Common Stock Common Stock Dividends Declared Dividend Income Received Error in Depreciation Expense for 2014 (to correct material error, Expense is reduced) General & Administrative Expenses Goodwi Interest Expense (Other Item) Merchandise Inventory December 31, 2016 Merchandise inventory January 1, 2016 Land Loss from Discontinued Operations Machinery and Equipment Notes Payable (maturity 7/1/2021) Purchase Discounts Purchases Retained earnings, January 1, 2016 Research and Development Expenses Restructuring Costs Sales Selling expense Supplies on Hand Unearned Service Revenue The amount of income taxes applicable to income from operations was $62,000 Income Tax Expense The tax effect of the discontinued operating loss was $20,000 Income Tax Benefit The tax effect of the depreciation error was $10,000 Income Tax Expense INSTRUCTIONS Prepare a multi-step Income Statement with EPS Prepare a statement of Retained Earnings Within the Income Statement or as an additional schedule, you need to prepare a detailed "Cost of Goods Sold Statement" 30,000 38,000 5,000 87,000 2,500 100,000 2,500 5,000 27,000 70,000 52,000 8,500 62,500 76,000 185,000 40,000 225,000 100,000 9,500 285,000 201,000 18,000 12,000 575,000 71,500 20,000 2,500
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