Link Back to Chapter 4 (Classified Balance Sheet). Selected accounts of Mother Earth Organic Products are listed along with their balances before closing at May 31, 20X9. Accounts payable. $ 16,900 Interest expense. S 400 Accounts receivable. 33.700 Interest payable.. 1.100 Accumulated depreciation- Inventory: May 31 45.500 equipment. 38.000 Note payable, long-term. 45,000 P. Debruge, capital. Salary payable 2,800 April 30 73.900 Sales discounts 10.400 P. Debruge, withdrawals. 9,000 Sales returns and allowances. 18.000 Cash. 7.800 Sales revenue. 701.000 Cost of goods sold. 362,000 Selling expenses. 137,900 Equipment..... 146.000 Supplies. 5,100 General expenses 116,700 Unearned sales revenue. 13.800 Required 1. Prepare the business's multi-step income statement for the month ended May 31, 20X9. 2. Prepare Mother Earth's classified balance sheet in report format at May 31, 20X9. Show your computation of the May 31 balance of P. Debruge, Capital.