1. Prepare the following Financial Statements USING THE PROPER FORMATING: (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.) $ 47,200 64,300 22,750 62,100 Accounts Payable Accounts Receivable Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Merchandise Inventory Cash Administrative Expenses Office Equipment Interest Expense Prepaid Insurance Rent Revenue Selling Expense Salaries Payable Sales Note Payable (due in 2 years) Store Equipmemt Supplies Cost of Merchandise Sold C. Swiftly, Capital C. Swiftly Drawing $ $ 6,500 7,500 101,500 3,700 820,500 50,000 125,000 4,000 545,000 141,750 42,000 93,250 39,700 75,500 49,750 9,000