5:23 PM Mon Dec 10 I 87% Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm's worksheet for the year ended December 31, 2019 INSTRUCTIONS 1. Prepare a classified income statement for the year ended December 31, 2019 The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. No additional investments were made during the period. payable extends for more than a year 2. Prepare a statement of owner's equity for the year ended December 31, 2019 3. Prepare a classified balance sheet as of December 31, 2019. The mortgage ACCOUNTS Debit $ 34,100 500 11,800 86,000 Credit Cash Petty Cash Fund Notes Receivable, due 2020 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Warehouse Supplies Office Supplies Prepaid Insurance Land Building Accumulated Depreciation Building $ 6,000 234,000 2,860 1,420 10,200 46,000 178,000 54,000 5:23 PM Mon Dec 10 187%- Accumulated Depreciation-Building Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment Office Equipment Accumulated Depreciation-Office Equipment Notes Payable, due 2020 Accounts Payable Interest Payable Mortgage Payable Loans Payable, Long-term Charles Ronie, Capital (Jan. 1) Charles Ronie, Drawing Income Summary Sales Sales Returns and Allowances Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Warehouse Wages Expense Warehouse Supplies Expense 54,000 37,000 17.400 51,000 19,600 25,000 12,000 20.200 49,000 580 61,000 17,000 452,460 127,000 244,000 234,000 1,685,000 18,200 1,580 767,000 13,800 8,440 11,160 199.600 7,100 5.800 5:23 PM Mon Dec 10 86% | 11,160 Purchases Discounts Warehouse Wages Expense Warehouse Supplies Expense Depreciation Expense- Warehouse Equipment Salaries Expense Sales Travel and Entertainment Expense Delivery Wages Expense Depreciation Expense-Delivery Equipment Salaries Expense-Office Office Supplies Expense Insurance Expense Utilities Expense Telephone Expense Payroll Taxes Expense Property Taxes Expense Uncollectible Accounts Expense Depreciation Expense-Building Depreciation Expense -Office Equipment Interest Expense Totals 199.600 7,100 5,800 269,200 21,500 60,330 9.800 70,600 4,000 6,200 9,290 6,520 59,000 5,600 5,800 9,000 4.000 $2,649,420 $2,649,420