Prepare a multi-step income statement

Prepare a balance sheet

The adjusted trial balance shown below is for Rich Company at the end of its fiscal year: RICH COMPANY Trial Balance March 31, 2018 Debit $12,900 9,400 700 2,500 16,000 Credit Cash Accounts Receivable Supplies Prepaid Insurance.. Equipment Accumulated Depreciation Equipment.. Accounts Payable Salaries and Wages Payable. Unearned Rent Revenue. Common Stock.... Retained Earnings Dividends $4,800 5,800 1,100 600 15,000 5,600 5,800 34,600 14,400 Salaries and Wages Expense... Supplies Expense... Cost of Goods Sold Insurance Expense... Depreciation Expense... ...1,800 12,000 1,500 1200 $81.900 $81.900 Instructions: Prepare a multi-step income statement and a balance sheet for Rich Company. Use the templates below to prepare your answer. These are each worth 10 points for a possible total of 20 points added to your test grade