Question: please do all parts 1. Presented below is the adjusted trial balance of the LLL Corporation. Using this data, prepare the following statements: a. Income
1. Presented below is the adjusted trial balance of the LLL Corporation. Using this data, prepare the following statements: a. Income Statement (multiple step format); be sure to include the required earnings per share presentation b. Statement of Retained Earnings C. Balance Sheet (classified format) LLL Corporation Adjusted Trial Balance 31-Dec-20 Dehir Credit 104,000 294,000 22.00 2.500 259,500 325.000 115 (1) 531,000 166,00 125,000 Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable (due 2/25/21) Inventory. 12/31/17 Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Land Accounts Payable Salaries & Wages Payable Notes Payable - Due 5/31/21 Mortgage Payable. Due 12/31/2035 Common Stock, Par S.OL Additional Paid in Capital in Excess of Par Retained Eamings, 12/31/20 Dividends Declared Sales, Net Cost of Goods Sold (COGS) Selling Expenses Administrative Expenses Dividend & Interest Revenue Gain on Sale of Land Income Tax Expense 136,000 6.00 125.00 395,00 10,000 400,000 179,00 15,000 885,000 475.000 165.000 125.000 16,000 10,000 44,000 2,465,000 2,465,000
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