The question is a multi-part accounting problem. The scenario is listed below, and there are several parts.

Sandhill Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash $24,990 Accounts Receivable 49,980 Inventory 22,246 Land 63,700 Buildings 93,100 Equipment 39,200 Allowance for Doubtful Accounts $441 Accumulated DepreciationBuildings 29,400 Accumulated DepreciationEquipment 14,112 Accounts Payable 18,914 Interest Payable 0 Dividends Payable 0 Unearned Rent Revenue 7,840 Bonds Payable (10%) 49,000 Preferred Stock ($20 par) 0 Paid-in Capital in Excess of ParPreferred Stock 0 Common Stock ($10 par) 29,400 Paid-in Capital in Excess of ParCommon Stock 5,880 Retained Earnings 73,549 Treasury Stock 0 Cash Dividends 0 Sales Revenue 558,600 Rent Revenue 0 Bad Debt Expense 0 Interest Expense 0 Cost of Goods Sold 392,000 Depreciation Expense 0 Other Operating Expenses 38,220 Salaries and Wages Expense 63,700 Total $787,136 $787,136 Unrecorded transactions and adjustments: 1 . On January 1, 2022, Sandhill issued 980 shares of $20 par, 6% preferred stock for $21,560. 2. On January 1, 2022, Sandhill also issued 980 shares of common stock for $22,540. 3 . Sandhill reacquired 294 shares of its common stock on July 1, 2022, for $49 per share. 4 On December 31, 2022, Sandhill declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Sandhill estimates that uncollectible accounts receivable at year-end are $4,998. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,900 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,920. 8. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded. "Ignore income taxes.)(3) Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). SANDHILL CORPORATION Adjusted Trial Balance Debit Credit $ $Prepare a multiple-step income statement for the year ending December 31, 2022. (List other revenues before other expenses.) SANDHILL CORPORATION Income Statement $ $Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earning first.) SANDHILL CORPORATION Retained Earnings Statement $Prepare a classified balance sheet as of December 31. 2022. (List CurrentAssets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter account name only and do not provide descriptive information.) SANDHILL CORPORATION Balance Sheet V Assets V $ $ V V V $ V $ Liabilities and Stockholders' Equity $ EAPrepare a classified balance sheet as of December 31. 2022. (List CurrentAssets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter account name only and do not provide descriptive information.) SANDHILL CORPORATION Balance Sheet V Assets V $ $ V V V $ V $ Liabilities and Stockholders' Equity $$