(A) prepare a multiple step income statement for the year ended December 31, 2018.
(B) Prepare a retained earnings statement for the year ended December 31, 2018.
(C) Prepare a classified balance sheet as at December 31, 2018.
Extracted text: Question 1 (cont'd) Additional information: A count of supplies on hand revealed that the company had $750 on hand. The prepaid insurance is for a 2 year policy purchased on January 1", 2018. No adjustments had been previously made to prepaid insurance. Utilities outstanding and unpaid as at December 31", total $2,250. $30,000 of the mortgage payable is due for payment next year. Required: a) Prepare a multiple-step income statement for the year ended December 31, 2018.
Extracted text: Tywin's General Store is located in the Skye Shopping Mall. At the end of the company's fiscal year on December 31, 2018, the following accounts appeared in its adjusted trial balance. $ 109,950 68,250 78,750 63,900 285,000 40,500 210,000 618,000 35,100 22,500 150,000 6,450 22,500 12,600 10,500 ...3,000 64,500 93,750 3,600 .9,300 28,800 .166,500 939,000 5,250 12,000 1,500 16,500 Accounts Payable.. Accounts Receivable.. Accumulated Depreciation-Buildings.. Accumulated Depreciation-Equipment.. Buildings.. Cash... Common Stock.. Cost of Goods Sold. Depreciation Expense.. Dividends... Equipment.. Gain on Disposal of Plant Assets. Income Tax Expense.. Insurance Expense.. Interest Expense.. Interest Payable.. Inventory... Mortgage Payable. Prepaid Insurance.. Maintenance and Repairs Expense.. Retained Earnings. Salaries and Wages Expense... Sales Revenue... Salaries and Wages Payable.. Sales Returns and Allowances. Supplies.. Utilities Expense..