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1) We sold marketable securities at no gain or loss that had a cost of $10,000 2) Proceeds from the sale of equipment, with a cost of $35,000 3) The Long-term investments that were sold had NO cost basis, ie BV was zero 4) Gain on sale of Discontinued Operations was totally from Operations, NO assets were sold Also on the tab "Trial Balances" are the beginning and ending trial balances for 2021 in alphabetical order, NOT in classification order, or Chart of Accounts order. You will therefore have to figure out where the items go in the requirements below. Between the trial balances and the additional information you are required to do the following: 1) The formal Multi-Step income statement for 2021 2) The formal statement of Retained earnings for 2021 3) The formal Classified Balance Sheet for 2021 4) The formal Statement of Cash Flows for 2021 5) Had (ie these do not effect any work above) the company had the following Comprehensive income items prepare the Schedule of Comprehensive income based upon the income arrived at in 1 above a) Foreign currency translation Loss of $10,000, net of tax b) Cost of Defined Benefits plans is $5,000, net of tax Format Painter Clipboard y Font y Alignment C49 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & A & = & D & & F & G & H \\ \hline 1 & & & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } & \multicolumn{3}{|c|}{ Pumpkin Carriage Co } \\ \hline 2 & & & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Adjusted Trial Balance \\ at December 31, 2021 \\ \end{tabular}}} & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Adjusted Trial Balance \\ at December 31, 2020 \end{tabular}}} & \\ \hline 3 & & & & & & & \\ \hline 4 & \multicolumn{2}{|r|}{ Account Name } & Debit & Credit & Debit & Credit & \\ \hline 5 & \multicolumn{2}{|c|}{ Accounts Payable } & & 88,000 & & 68,000 & \\ \hline 6 & \multicolumn{2}{|c|}{ Accounts Receivable } & 100,000 & & 95,000 & & \\ \hline 7 & \multirow{2}{*}{\multicolumn{2}{|c|}{ Acoum Depr - Bidg }} & & 90,000 & & 70,000 & \\ \hline 8 & & & & 150,000 & & 134,000 & \\ \hline 9 & \multicolumn{2}{|c|}{ Accumulated Other Comprehensive Income } & & 15,000 & & 15,000 & \\ \hline 10 & \multicolumn{2}{|l|}{ Building } & 200,000 & & 200,000 & & \\ \hline 11 & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Cash \\ COE Raw Material \end{tabular}}} & 12,000 & & 8,000 & & \\ \hline 12 & & & 172,000 & & & & \\ \hline 13 & \multicolumn{2}{|c|}{ COC Direct Labor } & 135,000 & & & & \\ \hline 14 & \multicolumn{2}{|c|}{ COC MFC Various Overhead Expenses } & 40,000 & & & & \\ \hline 15 & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} CDE MFC Depreciation - Eldg \\ COE MFC Depreciation - Equip \end{tabular}}} & 15,000 & & & & \\ \hline 16 & & & 15,000 & & & & \\ \hline 17 & \multicolumn{2}{|c|}{ Common Stock, $15Par} & & 200,000 & & 160,000 & \\ \hline 18 & \multicolumn{2}{|c|}{ Current Portion of LTD } & & 30,000 & & 13,000 & \\ \hline 19 & \multicolumn{2}{|l|}{ Dividends } & 20,000 & & & & \\ \hline 20 & \multicolumn{2}{|l|}{ Equipment } & 400,000 & & 300,000 & & \\ \hline 21 & \multicolumn{2}{|c|}{ Gain on Sale of Long Term lnvestments } & & 5,000 & & & \\ \hline 22 & Gain on Di & scontinued operations & & 20,000 & & & \\ \hline 23 & Inoome ta: & expense on disoontinued operation: & 5,000 & & & & \\ \hline 24 & Income ta: & Expense & 66.000 & & & & \\ \hline 25 & Income Ta & wes Payable & & 18,000 & & 12,000 & \\ \hline 26 & Interest an & dDividend Income & 4,000 & & & & \\ \hline 27 & Interest Ek & pense & 20,000 & & & & \\ \hline 28 & Inventory & & 60,000 & & 40,000 & & \\ \hline 29 & Land & & 40,000 & & 40,000 & & \\ \hline 30 & Long-term & Debt, net & & 130,000 & & 100,000 & \\ \hline 31 & Long-term & investments & 50,000 & & 30,000 & & \\ \hline 32 & Loss of Sa & le of Equipment & 10,000 & & & & \\ \hline 33 & Marketabl & securities & 75,000 & & 50,000 & & \\ \hline 34 & Note pays & ble-current & & 40,000 & & 90,000 & \\ \hline 35 & OE Varic & us Dperating Expense & 160,000 & & & & \\ \hline 36 & DE Depr & eciation - Bldg & 5,000 & & & & \\ \hline 37 & DE Depr & Eciation - Equip & 5,000 & & & & \\ \hline 38 & Paid in Ca & pital & & 100,000 & & 80.000 & \\ \hline 39 & Patents & & 90,000 & & 50,000 & & \\ \hline 40 & Prepaids & & 8,000 & & 10.000 & & \\ \hline 41 & Fietsined & arnings & & 80,000 & & 80,000 & \\ \hline 42 & Salaries F & ayable & & 26.000 & & 16,000 & \\ \hline 43 & Sales Rev & enue & & 758.000 & & & \\ \hline 44 & Treasurey & Stock & 40,000 & & 15.000 & & \\ \hline 45 & Unrealizec & Loss on Mkr Securities & 3.000 & & & & \\ \hline 46 & & & & & & & \\ \hline 47 & & & & & & & \\ \hline 48 & & {[} & & & & & \\ \hline 49 & & {[} & & & & & \\ \hline 50 & & & & & & & \\ \hline 51 & Total & & 1.750,000 & 1.750 .000 & 838.0001 & 838,000 & \\ \hline \end{tabular} 1) We sold marketable securities at no gain or loss that had a cost of $10,000 2) Proceeds from the sale of equipment, with a cost of $35,000 3) The Long-term investments that were sold had NO cost basis, ie BV was zero 4) Gain on sale of Discontinued Operations was totally from Operations, NO assets were sold Also on the tab "Trial Balances" are the beginning and ending trial balances for 2021 in alphabetical order, NOT in classification order, or Chart of Accounts order. You will therefore have to figure out where the items go in the requirements below. Between the trial balances and the additional information you are required to do the following: 1) The formal Multi-Step income statement for 2021 2) The formal statement of Retained earnings for 2021 3) The formal Classified Balance Sheet for 2021 4) The formal Statement of Cash Flows for 2021 5) Had (ie these do not effect any work above) the company had the following Comprehensive income items prepare the Schedule of Comprehensive income based upon the income arrived at in 1 above a) Foreign currency translation Loss of $10,000, net of tax b) Cost of Defined Benefits plans is $5,000, net of tax Format Painter Clipboard y Font y Alignment C49 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & A & = & D & & F & G & H \\ \hline 1 & & & \multicolumn{2}{|c|}{ Pumpkin Carriage Co } & \multicolumn{3}{|c|}{ Pumpkin Carriage Co } \\ \hline 2 & & & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Adjusted Trial Balance \\ at December 31, 2021 \\ \end{tabular}}} & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Adjusted Trial Balance \\ at December 31, 2020 \end{tabular}}} & \\ \hline 3 & & & & & & & \\ \hline 4 & \multicolumn{2}{|r|}{ Account Name } & Debit & Credit & Debit & Credit & \\ \hline 5 & \multicolumn{2}{|c|}{ Accounts Payable } & & 88,000 & & 68,000 & \\ \hline 6 & \multicolumn{2}{|c|}{ Accounts Receivable } & 100,000 & & 95,000 & & \\ \hline 7 & \multirow{2}{*}{\multicolumn{2}{|c|}{ Acoum Depr - Bidg }} & & 90,000 & & 70,000 & \\ \hline 8 & & & & 150,000 & & 134,000 & \\ \hline 9 & \multicolumn{2}{|c|}{ Accumulated Other Comprehensive Income } & & 15,000 & & 15,000 & \\ \hline 10 & \multicolumn{2}{|l|}{ Building } & 200,000 & & 200,000 & & \\ \hline 11 & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Cash \\ COE Raw Material \end{tabular}}} & 12,000 & & 8,000 & & \\ \hline 12 & & & 172,000 & & & & \\ \hline 13 & \multicolumn{2}{|c|}{ COC Direct Labor } & 135,000 & & & & \\ \hline 14 & \multicolumn{2}{|c|}{ COC MFC Various Overhead Expenses } & 40,000 & & & & \\ \hline 15 & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} CDE MFC Depreciation - Eldg \\ COE MFC Depreciation - Equip \end{tabular}}} & 15,000 & & & & \\ \hline 16 & & & 15,000 & & & & \\ \hline 17 & \multicolumn{2}{|c|}{ Common Stock, $15Par} & & 200,000 & & 160,000 & \\ \hline 18 & \multicolumn{2}{|c|}{ Current Portion of LTD } & & 30,000 & & 13,000 & \\ \hline 19 & \multicolumn{2}{|l|}{ Dividends } & 20,000 & & & & \\ \hline 20 & \multicolumn{2}{|l|}{ Equipment } & 400,000 & & 300,000 & & \\ \hline 21 & \multicolumn{2}{|c|}{ Gain on Sale of Long Term lnvestments } & & 5,000 & & & \\ \hline 22 & Gain on Di & scontinued operations & & 20,000 & & & \\ \hline 23 & Inoome ta: & expense on disoontinued operation: & 5,000 & & & & \\ \hline 24 & Income ta: & Expense & 66.000 & & & & \\ \hline 25 & Income Ta & wes Payable & & 18,000 & & 12,000 & \\ \hline 26 & Interest an & dDividend Income & 4,000 & & & & \\ \hline 27 & Interest Ek & pense & 20,000 & & & & \\ \hline 28 & Inventory & & 60,000 & & 40,000 & & \\ \hline 29 & Land & & 40,000 & & 40,000 & & \\ \hline 30 & Long-term & Debt, net & & 130,000 & & 100,000 & \\ \hline 31 & Long-term & investments & 50,000 & & 30,000 & & \\ \hline 32 & Loss of Sa & le of Equipment & 10,000 & & & & \\ \hline 33 & Marketabl & securities & 75,000 & & 50,000 & & \\ \hline 34 & Note pays & ble-current & & 40,000 & & 90,000 & \\ \hline 35 & OE Varic & us Dperating Expense & 160,000 & & & & \\ \hline 36 & DE Depr & eciation - Bldg & 5,000 & & & & \\ \hline 37 & DE Depr & Eciation - Equip & 5,000 & & & & \\ \hline 38 & Paid in Ca & pital & & 100,000 & & 80.000 & \\ \hline 39 & Patents & & 90,000 & & 50,000 & & \\ \hline 40 & Prepaids & & 8,000 & & 10.000 & & \\ \hline 41 & Fietsined & arnings & & 80,000 & & 80,000 & \\ \hline 42 & Salaries F & ayable & & 26.000 & & 16,000 & \\ \hline 43 & Sales Rev & enue & & 758.000 & & & \\ \hline 44 & Treasurey & Stock & 40,000 & & 15.000 & & \\ \hline 45 & Unrealizec & Loss on Mkr Securities & 3.000 & & & & \\ \hline 46 & & & & & & & \\ \hline 47 & & & & & & & \\ \hline 48 & & {[} & & & & & \\ \hline 49 & & {[} & & & & & \\ \hline 50 & & & & & & & \\ \hline 51 & Total & & 1.750,000 & 1.750 .000 & 838.0001 & 838,000 & \\ \hline \end{tabular}

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