1) Use the following accounts to prepare a year end multi step income statement and a classified balance sheet for the Jones Company. Administrative expenses Accumulated depreciation Equipment Cash 23000 30000 45000 6000 15000 30000 500 12000 400 common stock Cost of merchandise sold Interest expense Rent Revenue Unearned fees Supplies Prepaid Insurance Accounts Receivable Bonds payable Sales Selling Expenses Retained earnings 450 500 4500 10000 84000 2000 1050 3) Use the following accounts to prepare a year end multi-step income statement for the Jones Company. Cost of merchandise sold $20000; administrative expenses $5,000;interest expense $1000;rent revenue $5500; sales $31,000; and selling expenses $4600