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problem 1. prepare a trail balance problem 2. prepare a multi step income statement, a retained earnings statement and a classified balance sheet

1 (3 Points) Calla and Associates is a financial planning service. Prepare a trial balance with the accounts arranged in financial statement order. The account balances at December 31, 2021 are shown by the following alphabetical list Accounts Payable $ 5,000 Accounts Receivable 19,000 Buildings 149,500 Cash 11,700 Common Stock 152,900 Equipment 15,400 Land 42,000 Notes Payable 95,000 Notes Receivable 8,100 Prepaid Insurance 6,400 Supplies 800 Jovi's Best Inc. Adjusted Trial Balance For the Year Ended December 31, 2021 Cash 35,000 Accounts Receivable 17,000 Prepaid Insurance 2,000 Equipment 40,000+||- Long-term Investment 7,000 Land 30,000 Accumulated Depreciation- 24,000 Equip Accounts Payable 15,000 Salaries and Wages Payable 13,000 Long-term Debt 35,000 Common Stock 25,000 Retained Earnings 8,000 Dividends 10,000 Sales Revenue 289,000 Cost of Goods Sold 190,000 Maintenance and Repairs Expense 8,000 Depreciation Expense 4,000 Insurance Expense 1,000 Salaries and Wages Expense 60,000 Utilities Expense 5,000 Totals 409,000 409,000 Instructions Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet