The account balances for the year ended December 31, 2015, for Williams Industries are listed next:

Requirements
1. Prepare Williams' Industries' multi-step income statement.
2. Prepare Williams' Industries' statement of retained earnings.
3. Prepare Williams' Industries' classified statement of financial position in report form.

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Sales Revenue.. $322,800 104,000 16,500 2,200 12,600 1,700 1,600 6,900 140,000 Cost of Goods Sold. $158,400 Accumulated Depreciation, Equipment. Unearned Sales Revenue . Prepaid Rent Office Salaries Expense.. Accumulated Depreciation, Building. Rent Expense. Dividends. Cash. Retained Earnings. Delivery Expense. Insurance Expense. Mortgage Payable (Long-Term) Equipment. Accounts Payable. Sales Discounts 26,400 2,500 1,200 52,000 Advertising Expense. Interest Expense Wages Payable.. Accounts Receivable. 40,500 5,800 14,000 7,800 87,600 1,300 5,700 Building. Sales Returns and 6,700 35,000 10,300 16,400 22,300 600 Allowances. Common Shares Utilities Expense. Inventory.. Commission Expense. Supplies. 37,000