Read the following situation and do the exercises below.

The company Computadoras Caribe, after making the adjustments in March, has the following balances on the books, which are found in the following adjusted trial balance:

1.) Prepare the multi-step income statement. They do not have to calculate income tax.

2.) Prepare the capital statement (statement of owner's equity).

3.) Prepare the balance sheet. (classified statement).

Account title Ref. Debit Credit

Cash $17,560

Account Receivable 18,065

Supplies 60,500

Building 180,000

Acc. Depreciation-Building $22,000

Equipment 45,600

Acc. Depreciation-Equipment 5,800

Account Payable 29,200

Salary Payable 3,500

Interest Payable 1,000

Unearned Sales Revenue 7,000

Note Payable, Long Term 85,000

J. Ayala, Capital 180,000

J. Ayala, Withdrawals 5,000

Sales Revenue 150,000

Sales Discounts 6,200

Sales Return and Allowances 7,600

Cost of Goods Sold 102,000

Selling Expense 18,400

General Expense 20,075

Interest Expense 2,500

Total 483,500 483,500