Prepare (a) a single-step income statement; (b) a multiple step income statement (c) a retained earnings statement, and (d) a balance sheet in report form from the following data for Russell Co., taken from the ledger after adjustment on December 31. 2005, the end of the fiscal year. Accounts Payable $ 47,200 Accounts Receivable 64,300 Accumulated Depreciation-Office Equipment 22,750 Accumulated Depreciation-Store Equipment 62,100 Administrative Expenses 75,500 Capital Stock Cash Cost of Merchandise Sold 121,750 39,700 545,000 42,000 Dividends Interest Expense 9,000 Merchandise Inventory 93,250 Note Payable, Due 2006 50,000 Office Equipment 49,750 Prepaid Insurance 6,500 Retained Earnings 27,500 Salaries Payable 3,700 Sales 810,500 Interest Income 10,000 Rental Income 1,500 1,000 Sales Returns and Allowances Sales Discount Selling Expenses Store Equipment Supplies 101,500 125,000 4,000