An alphabetical list of Sheridans Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,590 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 25,480 R. Smistad, drawings 70,000 Cost of goods sold 272,000 Rent expense 24,300 Depreciation expense 7,030 Salaries expense Equipment 35,000 Salaries payable Furniture 42,000 Sales 50,700 2,250 467,000 16,300 950 Insurance expense 3,575 Sales returns and allowances Interest expense 2,130 Supplies Interest payable 525 Supplies expense 6,325 70,850 Merchandise inventory 2,600 Unearned revenue Additional information: 1. Of the notes payable, $6,300 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $4,200 cash in the business. Prepare a multiple-step income statement. (Enter negative amounts using either a nena sign preceding the number e.s. -45 or parentheses es. (451) SHERIDAN COMPANY Income Statement e Textbook and Media Prepare a statement of owner's equity. SHERIDAN 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.) SHERIDAN COMPANY Balance Sheet Liabilities and Owner's Equity