Note: You must complete Comprehensive Problem 4 (Part A) before completing Comprehensive Problem 4 (Part B) Required 1. After all of the transactions for the year ended December 31, 20Y8, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data that follow were taken from the records of Equinox Products Inc. a. Prepare a multiple-step income statement for the year ended December 31, 20Y8. Enter all amounts as positive numbers EXCEPT in the Other revenue and expense section. In that section only, enter amounts that represent other expenses as negative numbers using a minus sign. b. Prepare a retained earnings statement for the year ended December 31, 20Y8 C. Prepare a balance sheet in report form as of December 31, 20Y8 Read the instructions above each financial statement carefully. They may contain specific instructions for completing the statement Income Statement data: Advertising expense Cost of goods sold Delivery expense Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Income tax expense 150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 0,000 7.500 Interest expense Interest revenue Miscellaneous administrative expense