Practice 4.9 - Prepare a multi-step income statement, statement of retained earnings and classified balance sheet given the following account balances for Practice Corp on 12/31/X1. AVP 400 Patent 50 AVR 200 Prepaid Rent 500 Accum. Deprec. - Equip. 300 Rent Expense 100 Bond payable (5/1/X9). 900 Retained Earnings 1/1/X1 800 Cash 500 Sales 1,500 COGS 300 Sales Discounts 20 Common Stock 400 Sales Retums & Allowances 10 20 Depreciation Exp. Supplies 50 50 Dividends 200 Supplies Expense 800 Equip 100 Trademark 100 Interest Exp 250 Unearned Revenue 300 50 Utility Expense Inventory 500 400 Wage Expense Land 200 100 Wages Payable Land held for speculation 200 Loss on Sale of Bldg