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 6,600 400 Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/17) 3,160 Dividends 1,000 Sales 41,400 40 Sales Returns & Allowances Sales Discounts Cost of Goods Sold 21,550 Bad debt expense 30 770 Depreciation Expense 90 Amortization Expense Wages Expense 8,000 Rent Expense 1,500 Office Expense Supplies Expense 260 Selling Expense 870 Interest Expense 200 Interest Revenue 135 Income Tax Expense 760 Totals 55,790 55,790 60 80 Multi Step Income Statement For the year ended December 31, 2017 (Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.) Statement of Retained Earnings For the year ended December 31, 2017 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT. Classified Balance Sheet December 31, 2017 (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2. You may not need to use all of the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.)