Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Cash ₱2,900 Cost of Goods Sold ₱ 18,700 Selling...

Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018:
Cash ₱2,900                                      Cost of Goods Sold ₱ 18,700
Selling Expenses 1,400                     Equipment, net 9,500
Accounts Payable 4,300                   Accrued Liabilities 1,800
Common Stock 4,365                      Net Sales Revenue 29,200
Notes Payable, long-term 500        Accounts Receivable 3,200
Merchandise Inventory 1,100         Interest Expense 65
Administrative Expenses 3,300

ANSWER THE FOLLOWING:
1. Prepare Camilia Communications‘s multi-step income statement for the year ended July 31, 2018.
2. Prepare Camilia Communications‘s statement of retained earnings for the year ended July 31, 2018. Assume that there were no dividends declared during the year and that the business began on August 1, 2017.
3. Prepare Camilia Communications‘s classified balance sheet at July 31, 2018. Use the report format.