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An alphabetical list of Sunlands Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,530

An alphabetical list of Sunlands Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances.

Accounts payable

$15,530

Notes payable

$42,000

Accumulated depreciationequipment

14,000

Prepaid insurance

575

Accumulated depreciationfurniture

17,500

R. Smistad, capital

65,750

Cash

13,040

R. Smistad, drawings

79,000

Cost of goods sold

272,200

Rent expense

24,900

Depreciation expense

7,040

Salaries expense

50,900

Equipment

35,000

Salaries payable

2,250

Furniture

42,000

Sales

465,000

Insurance expense

3,575

Sales returns and allowances

16,300

Interest expense

2,120

Supplies

950

Interest payable

545

Supplies expense

6,325

Merchandise inventory

71,250

Unearned revenue

2,600

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 $3,500 cash in the business.

Prepare a multiple-step income statement, owner's equity, balance sheet

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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