Reference no: EM13907453

The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2015, the end of the current year:

Supplies 1000
Accounts payable 78000
Accounts receivable 102000
Accumulated depreciation - equipment 27000
Depreciation expense 1200
Interest revenue 1025
Cash 80500
Common stock (10,000 shares outstanding) 100000
Cost of merchandise sold 634550
Dividend declared 19100
Equipment 139450
General expenses 114250
Dividend revenue 5000
Interest expense 5600
Merchandise inventory 154250
Supplies expense 1300
Prepaid insurance 11225
Retained earnings ?
Salaries Payable 14550
Sales 960250
Selling expenses 140700

Please help me develop a flexible financial statement package using Excel that includes:

- a data entry sheet (should include the information above)
- a trial balance (link to the data entry sheet),
- a single-step income statement,
- a multi-step income statement,
- a statement of retained earnings,
- a classified balance sheet, and
- a post-close trial balance (a trial balance with only accounts not "closed")

Each statement must be on one sheet in the file and this file should allow the financial statements to be prepared quickly by entering account balances in the appropriate cells on the first sheet of the file (book) - data entry sheet.

Include percentages in the Income Statement (vertical analysis) i.e., gross profit percentage, % of selling expenses to sales, etc. (common sizing and vertical analysis are basically the same analysis techniques - every number in the multi-step income statement is divided by sales).