An alphabetical list of Ivanhoes Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,600 Notes payable Accumulated depreciation-equipment 14,000 Prepaid insurance Accumulated depreciation-furniture 17.500 R. Smistad, capital Cash 29,650 R. Smistad, drawings Cost of goods sold 272,000 Rent expense Depreciation expense 7,020 Salaries expense Equipment 35,000 Salaries payable Furniture 42,000 Sales Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense Supplies Interest payable 2.130 575 70,950 Supplies expense Unearned revenue Merchandise inventory Additional information: 1. Of the notes payable, $6,100 becomes due on February 17,2022. The balance is due in 2023 2. On July 18, 2021, R. Smistad invested $4,500 cash in the business. com/courses/3206S/assignments/3240826 Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es (45 IVANHOE COMPANY Income Statement es/32065/assignments/3240826 IVANHOE COMPANY Statement of Owner's Equity e Textbook and Media Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Equipment and Furniture.) IVANHOE COMPANY Balance Sheet