Prepare a single step income statement and Prepare a classified balance sheet in good form.

Motown Corporation Adjusted Trial Balance For the Year Ending 12/31/X1 DEBITS CREDITS Cash Accounts Receivable Allowance for Doubtful Accounts Furniture & Equipment Accumulated Depreciation Furniture & Equ Accounts Payable Accrued Liabilities Note Payable1 year) Common Stock Retained Earnin Sales Revenue Income Tax Expense Rent Expense Utilities Expense Salaries and Wages Expense General and Administrative Expen Interest Income Dividend Income TOTALS 25,741 221,100 8,000 156,000 28,721 22,600 14,600 88,750 50,000 102,000 305,628 11.000 50,000 22,740 80,000 55,218 500 621,799 621,799