Link Back to Chapter 4 (Classified Balance Sheet). Selected accounts of Genesis Electronics are listed along with their balances before closing at July 31, 20X2 E Accounts payable.. Accounts receivable. $127.300 46.200. Interest payable. $ 3,000 Inventory: July 31. 187,300 Accumulated depreciation- Note payable. long-term 160.000 store equipment. 16.400 Salary payable. 6.100 A. L. Genesis, capital. Sales discounts: 8.300 June 30 69.100 Sales returns and allowances.. 17.900 A. L. Genesis, withdrawals 11.000 Sales revenue 556.600 Cash 24.300 Selling expense 84.600 Cost of goods sold. 360.900 Store equipment 126.000 General expense. 75,800 Supplies... 4.300 Interest expense.. 1.200 Unearned sales revenue. 9.300 Required 1. Prepare the entity's multi-step income statement for the month ended July 31, 20X2. 2. Prepare Genesis's classified balance sheet in report format at July 31. 20X2. Show your computation of the July 31 balance of A.L. Genesis. Capital.