14. The information for Ashton Appliances, for the third quarter ending November 30, 2020, is given below. Prepare the multiple-step Income Statement, Statement of Retained Earnings, and the classified Balance Sheet. Then prepare the closing entries. Accounts Payable $26,400 Interest Payable 18,000 Accounts Receivable 268,700 Interest Revenue 11,000 Accumulated Depreciation (Building) 64,500 Inventory 186,000 Accumulated Depreciation (Equipment) 950,400 Land 875,000 Bonds Payable (due 2024) 1,000,000 Prepaid Insurance 10,500 Building Cash Common Stock Cost of Goods Sold Depreciation Expense (Building) 197,300 Rent Expense 14,600 22,300 Rent Payable 2,400 600,000 Retained Earnings, 8/31/2020 69,810 895,200 Sales Revenue 1,932,300 21,500 Supplies 9,800 Depreciation Expense (Equipment) 46,300 Supplies Expense 89,100 Dividends 25,300 Utilities Expense 239,400 Equipment 1,249,000 Wages Expense 287,200 Income Taxes Expense 22,910 Wages Payable 21,600 Interest Expense 236,300