6 These items are taken from the financial information of Jones, Inc. as of December 31, 2019: Accounts Balances 4.2 points Accounts Receivable Cash Common Stock Accounts Payable Accumulated Depreciation 2,500 4,000 4,000 20,000 10,000 Cost of Goods Sold 40,000 Dividends 1,000 02:44:14 Equipment 15,000 Insurance Expense 10,000 Notes Payable (due in 2021) 6,000 Skipped Prepaid Insurance 1,500 Retained Earnings (beginning) 14,000 Salaries Expense 30,000 Salaries Payable 1,000 eBook Sales Sales Discounts Supplies Supplies Expense Utilities Expense 105,000 5,000 2,000 2,000 12,000 Print References Additional Information: Common Stock Authorized shares - 100,000 Issued and outstanding shares at 12/31/19 - - 10,000 Par value $1 per share 2,000 shares issued in 2019 Required: Prepare a multiple-step income statement, a statement of stockholders' equity, and a classified balance sheet for the year ended December 31, 2019 (in proper form). Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2019. JONES, INC. Income Statement For the Year Ended December 31, 2019 Revenues Sales Sales discounts Net sales $ 105,000 (5,000) $ 100,000 (40,000) 60,000 Cost of goods sold Gross profit Operating expenses Insurance expense 10,000 Salaries expense 30,000 Supplies expense 2,000 Utilities expense 12,000 Total operating expenses Net income < Income Statement (54,000) $ 6,000 Stmt of Stockholders Equity > 2,000 shares issued in 2019 Required: Prepare a multiple-step income statement, a statement of stockholders' equity, and a classified balance sheet for the year ended December 31, 2019 (in proper form). Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Prepare a statement of sha Stmt of Stockholders Equity ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) JONES, INC. Statement of Stockholders' Equity For the Year Ended December 31, 2019 Common Stock Retained Earnings Total Stockholders' Equity < Income Statement Balance Sheet > Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity Prepare a classified balance sheet for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) JONES, INC. Balance Sheet December 31, 2019 < Stmt of Stockholders Equity Balance Sheet > Stmt of Income Statement Stockholders Balance Sheet Equity Prepare a classified balance sheet for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) JONES, INC. Balance Sheet December 31, 2019 Accounts payable Accounts receivable Accumulated depreciation Cash < Stmt of Stockholders Equity Balance Sheet > JONES, INC. Balance Sheet December 31, 2019 Accumulated depreciation Cash Common stock, $1 par, 100,000 shares authorized, 10,000 shares issued and outstanding Cost of goods sold Equipment Insurance exnense < Stmt of Stockholders Equity Balance Sheet > Insurance expense Notes payable Prepaid insurance Retained earnings Salaries expense -:-J JONES, INC. Balance Sheet December 31, 2019 < Stmt of Stockholders Equity Balance Sheet > Insurance expense Notes payable Prepaid insurance Retained earnings Salaries expense -:-J JONES, INC. Balance Sheet December 31, 2019 < Stmt of Stockholders Equity Balance Sheet > Sales Sales discounts Supplies Supplies expense Utilities expense JONES, INC. Balance Sheet December 31, 2019 < Stmt of Stockholders Equity Balance Sheet >