A/P A/R 75 Advertising Expense Accumulated Deprec-Building 40 200 Amortization Expense 15 10 Allowance Doubtful Accts 8 Bad Debt Expense 10 Bond Payable (1/1/x9) 150 HW Problem 12.4 Given the following information, A) prepare the multi-step income statement, retained earnings statement & classified balance sheet as of 12/31/X1, B) calculate the current ratio, gross profit ratio, and profit margin ratios, and C) Print the Excel formulas (CNTRL-). Loss on Sale Machine Note Receivable (4/5/x5) Notes Payable (6/8/x4) Paid in Capital Excess Par - Common Patent Preferred Stock Premium on Bond Payable 15 75 70 60 120 50 60 5 Building 400 Prepaid Insurance 40 Cash 30 Rent Revenue 10 Common Stock 80 Retained Earnings 1/1/X1 80 Copyright 30 Sales 1,500 Cost of Goods Sold 600 Sales Discounts 20 Depreciation Expense 30 Sales Returns & Allowances 10 Dividends 50 Sales Tax Payable 50 Dividends Payable 10 Estimated Warranty Liability 10 Supplies Gain on Sale 40 Goodwill 40 Insurance Expense 25 Interest Expense 25 Short-term investment Supplies Expense Tax Expense (20% rate) Trademark Treasury Stock 20 15 5 15 159 60 Interest Revenue 10 Unearned Revenue 150 Wage Expense Inventory Land (held for speculation) 80 Wages Payable 250 30 25 Land (used to operate business) 150 Warranty Expense