1. Prepare the following Financial Statements USING THE PROPER FORMA (a) a Mulit-step Income Statement (b) a Statement of Owners' Equity (c) a Classified Balance Sheet for the Swift Company. These amounts were taken from the ledger after all adjustments have been made but before the accounts have been closed for the current year ending December 31. (Hint - I would go through and mark which F/S the account should be shown on and cross them out after I used them.) Accounts Payable $ 47,200 Prepaid Insurance $ $ 6,500 Accounts Receivable 64,300 Rent Revenue 7,500 Accumulated Depreciation 22,750 Selling Expense 101,500 Office Equipment Salaries Payable 3,700 Accumulated Depreciation 62,100 Sales 820,500 Store Equipment Note Payable (due in 2 years) 50,000 Merchandise Inventory 93,250 Store Equipmemt 125,000 Cash 39,700 Supplies 4,000 Administrative Expenses 75,500 Cost of Merchandise Sold 545,000 Office Equipment 49,750 C. Swiftly, Capital 141,750 Interest Expense 9,000 42,000 C. Swiftly Drawing