$(2)$ Estimated Retums Inventory increased by $$5,000.$

$(3)$ Bad Debt Expense, Insurance Expense, Repairs and Maintenance Expense, Depletion Expense, Amortization Expense, and Utilities Expense are $100\%$ administrative.

$(4)$ Advertising Expense is $100\%$ selling.

$(5)$ Depreciation Expense and Salaries Expense are $60\%$ administrative and $40\%$ selling.

$(6)$ $$25,000$ of the Notes Payable are payable next year.

Instructions: Prepare a$($n$)$

$\backslash$table$[[$Classified Balance Sheet,Points$],[$Multi$-$step Income Statement,$20],[$Statement of Owner's Equity,$20],[$Closing entries,$5],[,5],[$Total$,50]]$

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