Prepare a properly formatted multi-step income statement, a statement of changes in equity, and a balance sheet.

COB 241 Trial Balance to Financial Statements Homework Llama, Inc. Adjusted Trial Balance For the year ended December 31, 2021 DR CR 3,474 5,202 5,250 1,071 1,716 18,480 2,940 14,025 180 1,500 75 1,113 Accounts Payable Accounts Receivable Accumulated Depreciation - PP&E Advertising Expenseren want Allowance for Doubtful Accounts Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Gain on Sale of Land Interest Expense Interest Revenue Inventory Notes Payable (3 year note) Property, Plant and Equipment Rent Expense Retained Earnings (Jan. 1) Salaries Expense Sales Revenue Supplies Expense Unearned Revenue (short-term) Utilities Expense 150 15,798 21,720 7,500 6,975 4,272 2,541 30,000 852 7,059 1,419 76,656 76,656 No stock was issued in 2021