Problems 8.9, and 10 10 Using the adjusted trial balance for Hawkins Construction as of December 31, 2017 prepare a (1) multi-step income statement; (2) statement of retained earnings; and (3) classified balance sheet. points.3 points, and 12 points,respectively) Hawkins Construction Adjusted Trial Balance As of December 31, 2017 Debit Credit Cash Accounts receivable Inventory Prepaid insurance 49,800 65,810 275,656 1,250 157,500 uipment Accumulated depreciation Accounts payable Short-term notes payable Unearned revenue Equipment 36,625 48,141 10,000 Long-term bonds payable Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings, January 1,2017 Dividends Sales 5,000 65,000 162,750 37,500 120,125 50,100 582.500 Cost of goods sold Depreciation expense Equipment Wages ex Insurance ex Rent expense Utilities expense Income taxes expense Loss on sale of equipment 285,000 20,750 55,900 12,500 36,000 28,000 24,250 5,125 Totals HAWKINS CONSTRUCTION Income Statement For Year Ended December 31,2017 HAWKINS CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, January 1, 2017 Add: Net income.. Less: Dividends.. Retained earnings, December 31, 201. HAWKINS CONSTRUCTION Balance Sheet As of December 31, 2017 Assets Current assets: Total current assets.... Fixed assets: Total fixed assets . Total assets Liabilities and Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities. Equity Total equity. Total liabilities and equity