The accounts for the year ended March 31, 2015, for Clark Industries, Inc. are listed next:

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

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Cost of Goods Sold. Accumulated Depreciation, Equipment. Unearned Sales Revenue Sales Revenue. Equipment. Accounts Payable. Sales Discounts . Advertising Expense. Interest Expense Wages Payable. Accounts Receivable. Building. Sales Returns and $275,100 27,000 16,500 2,500 11,500 700 1,000 8,800 190,000 $119,000 13,000 2,500 5,000 54,000 Prepaid Rent. Office Salaries Expense. Accumulated Depreciation, Building. Rent Expense. Dividends. 4,900 35,000 14,000 29,000 31,700 1,200 52,500 5,200 12,000 22,500 112,800 1,200 10,200 Allowances. Cash. Retained Earnings. Delivery Expense. Insurance Expense. Mortgage Payable (Long-Term) Common Shares Utilities Expense. Inventory.. Commission Expense. Supplies. 42,000