Part 2: NOTE: This is a DIFFERENT COMPANY. Using the trial balance below, complete the Multi-Step Income Statement and prepare the Statement of Retained Earnings and Classified Balance Sheet on the pages which follow.To get full credit you must include all critical subtotals.

Part 2: Insert Second Trial Balance HERE.

James Company Adjusted Trial Balance December 31, 2017 DEBIT CREDIT Cash 3,100 Accounts Receivable 2,460 Allowance for Doubtful Accounts 650 Short term Note Receivable 500 Interest Receivable 20 Supplies 30 Inventory 3,000 Prepaid Expenses 150 Equipment 10,720 Accumulated Depreciation 1,200 Copyrights 600 Accounts Payable 670 Interest Payable 125 Unearned Revenue 50 Long Term Note Payable 1,400 Common Stock 6,600 Paid-in-Capital In Excess of Par - CS 400 Retained Earnings (1/1/17) 3,160 Dividends 1,000 Sales 41,400 Sales Returns & Allowances 40 Sales Discounts 60 Cost of Goods Sold 21,550 Bad debt expense 30 Depreciation Expense 770 Amortization Expense 90 Wages Expense 8,000 Rent Expense 1,500 Office Expense 80 Supplies Expense 260 Selling Expense 870 Interest Expense 200 Interest Revenue 135 Income Tax Expense 760 Totals 55,790 55,790