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.) $ $ 48,200 64,300 22,750 62,100 Accounts Payable Accounts Receivable Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Administrative Expenses Cash Cost of Merchandise Sold C. Swiftly, Capital C. Swiftly Drawing Interest Expense Interest Revenue Merchandise Inventory Note Payable (due in 2 years) Note Receivable (6 month, 5%) Office Equipment Prepaid Insurance Rent Revenue Salaries Payable Sales Selling Expenses Store Equipment Supplies 300 83,550 50,000 10,000 49,750 6,500 7,500 2,700 821,500 101,500 125,000 4,000 75,500 39,700 546,000 151,750 52,000 9,000