Question: Use the adjusted balance below to prepare 1) Multiple step income statement 2) Statement of Retained Earnings and 3) Classified Balance Sheet Catanya Company Adjusted

Use the adjusted balance below to prepare 1) Multiple step income statement 2) Statement of Retained Earnings and 3) Classified Balance Sheet Catanya Company Adjusted trial balance December 31, 2021 55,000 23,000 16,000 2,200 6,400 60,000 200,000 50,000 21,000 6,500 10,000 120,000 102,000 52,100 Cash Accounts Receivable Merchandise Inventory Prepaid Rent Prepaid Insurance Land Buildings Accumulated Depreciation - Buildings Accounts Payable Salaries Payable Notes Payable (due in 3 years) Mortgage Payable (due in 12 years) Common Stock Retained Earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Office supplies expense Insurance expense Office salaries expense Rent expense - selling space Depreciation expense - Building TV Advertising expense Sales Commission expense Interest revenue Gain on sale of equipment 12,000 200,000 3,000 12,000 80,000 3,100 6,800 48,000 18,000 10,000 9,200 8,100 1,200 10,000 572,800 572,800
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