Prepare a classified balance sheet and multistep income statement using the Ad

Prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December
31 2010.
Debits Credits Accounts Payable 11000 Accounts Receiveable 8000 Accumulated Depreciation- Buildings 60000 Accumulated Depreciation= Equipment 5000 Additional Paid-in Capital 5000 Allowance for Doubtful Accounts 1200 Bonds Payable 25000 Buildings 180000 Cash 14000 Common Stock 10000 Cost of Goods Sold 72000 Depreciation Expense 10500 Dividends 5000 Equipment 15000 Insurance Expense 6000 Interest Expense 1200 Interest Revenue 500 Inventory 5000 Notes Payble (due 2013) 15000 Patents 3000 Prepaid Expenses 3000 Rent Expense 18000 Retained Earnings 32150 Salaries Expense 45000 Sales 225000 Supplies 750 Unearned Revenues 400 Utilities Expense 4800 = 390250 = 390250