Need help in preparing Multi-step Income Statement, Retained Earnings Statement, and Classified Balance Sheet for Elaines Boutique for 12/31/2017.

Elaines Boutique

Adjusted Trial Balance

December 31, 2017

Accounts Debit Credit

Cash $ 15,000

Accounts Receivable, Net 30,000

Prepaid Insurance 7,500

Supplies 3,200

Building 160,000

Accumulated DepreciationBuilding $ 12,000

Equipment 75,000

Accumulated DepreciationEquipment 8,500

Land 40,000

Accounts Payable 12,000

Income Tax Payable 2,000

Unearned Revenue 25,000

Mortgage Payable 100,000

Common Stock 21,290

Dividends 3,000

Sales Revenue 289,000

Sales Returns and Allowances 14,000

Depreciation ExpenseBuilding and Equipment 6,150

Salaries Expense 31,040

Cost of Goods Sold 74,000

Interest Expense 10,900 _______

Total $469,790 $469,790

Requirements:

Prepare the Multi-step Income Statement for Elaines Boutique for the year ended 12/31/2017.

Prepare the Retained Earnings Statement for Elaines Boutique for the year ended 12/31/2017.

Prepare the Classified Balance Sheet for Elaines Boutique for 12/31/2017.