Boutique shoppe Ltd. began operations two years ago. Its adjusted account balances on December 31, 2019, are listed below: Account Debit Credit Cash $11,300 Merchandise inventory 46,000 Store supplies 18,900 Notes receivable 8,500 Store equipment 167,600 Accumulated depreciation, store equipment 49,000 Mortgage payable 54,000 Accounts payable 30,500 Sales 450,000 Sales discounts 14,000 Sales returns and allowances 8,000 Cost of goods sold 126,400 Salaries expense 105,200 Rent expense, selling space 25,000 Utility expenses, Office space 1,800 Rent expense, office space 65,000 Marketing expense 42,600 John Hogan, capital 58,800 John Hogan, withdrawals 2,000 Totals $642,300 $642,300 Required 1. Prepare a classified multi-step income statement for the year ended December 31, 2019. (10 marks). 2. Prepare a statement of changes in equity for the year ended December 31, 2019. (5 marks). 3. Prepare a classified balance sheet as on December 31, 2019 based on the information provided. (10 marks)