Question: Required: Using the adjusted trial balance below, prepare, in good form, a Multiple-Step Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for

 Required: Using the adjusted trial balance below, prepare, in good form,

Required: Using the adjusted trial balance below, prepare, in good form, a Multiple-Step Income Statement, a Retained Earnings Statement, and a Classified Balance Sheet for Merrill, Inc., for the Year-Ended 12/31/X3. Note: Of the total balance below in the Mortgage Payable account, $20,000 is due within one year from the Balance Sheet Date. UTILITIES EXPENSE ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE UNEARNED REVENUE ACCUMULATED DEPRECIATION-BUILDING SALARIES PAYABLE STORE SUPPLIES EXPENSE BUILDING SALES REVENUE ACCUMULATED DEPRECIATION-STORE EQUIPMENT STORE SUPPLIES CASH SALES SALARIES EXPENSE COMMON STOCK DEPRECIATION EXPENSE-STORE EQUIPMENT MERCHANDISE INVENTORY OFFICE SALARIES EXPENSE RETAINED EARNINGS (BEGINNING BALANCE) SALES COMMISSIONS EXPENSE COST OF GOODS SOLD NOTES PAYABLE-DUE 12/31/X8 DELIVERY EXPENSE DEPRECIATION EXPENSE-BUILDING INCOME TAX EXPENSE MORTGAGE PAYABLE DIVIDENDS STORE EQUIPMENT TOTALS DEBIT CREDIT 11,000 70,000 50,300 3,500 52,500 9,300 4,800 190,000 616,800 42,900 2,400 23,000 76,000 150,000 13,300 75,000 27,000 26,600 14,500 412,700 12,800 11,000 10,400 5,000 80,000 28,000 110,000 1,064,400 1,064,400

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