Car Company has the following ledger accounts and adjusted balances as of December 31, 2021. All accounts have normal balances. Carr's income tax rate is 40%. Carr, has 300,000 shares of $10 par Common Stock authorized. You will need to determine the number of shares issued and the number of shares outstanding for your balance sheet. Accounts Payable... 36,000 Accounts Receivable.. 270,000 Accumulated Depreciation-Building. 75,000 Administrative Expenses... 60,000 Allowance for Doubtful Accounts. 33,000 Bonds Payable (Mature 2030)... 440,000 Building.. 600,000 Cash.. 39,000 Common Stock.. 487,500 Cost of Goods Sold. 570,000 Discount on Bonds Payable.. 65,000 Dividends... 30,000 Income from Operations of Division X.. 75,000 (Division X is a component of Cart Company) Interest Revenue.. 15,000 Inventory. 420,000 Land.. 300,000 Loss from Fire.. 105,000 Loss from Sale of Division X. 135,000 (Division X is a component of Carr Company) Paid-In Capital in Excess of Par. 112,500 Patent.. 45,000 Prepaid Rent. 15,000* Retained Earnings, January 1, 2021. .375,000 Sales Discounts. 45,000 Sales Revenue. 1,395,000 Selling Expenses.. 195,000 *Two years rent paid in advance for offsite document storage. Instructions: Use this information to prepare a multiple-step income statement and a classified balance sheet.