An alphabetical list of Sandhills Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances Accounts payable $15,580 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 24,840 R. Smistad, drawings 77,000 Cost of goods sold 271,600 Rent expense 24,000 Depreciation expense 7,080 Salaries expense 50,300 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 472,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,160 Supplies 950 Interest payable 575 Supplies expense 6,325 Merchandise inventory 70,550 Unearned revenue 2,600 Additional information: 1. Of the notes payable, $6,700 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $3.800 cash in the business. Prepare a multiple-step income statement. (Enter negative amounts using elther a negative sign preceding the number eg.-45 or parentheses eg (45)) SANDHILL COMPANY Income Statement For the Year Ended August 31, 2021 Sales plus.com/courses/28010/assagnments/2791324?module idem id 24 Prepare a statement of owner's equity. SANDHILL COMPANY Statement of Owner's Equity eTextbook and Media sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipmen s2010/aghmn2791324H85ule Re ld UUB6242 Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Furniture) SANDHILL COMPANY Balance Sheet Assets $ d EN