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Prepare nancial statements P5-BB Mackey Department Store is located near the Village Shopping Mall. At the end of and adisfing 411016105ng the company's calendar year on December 31, 2015, the following accounts appeared in \"Wies- two of its trial balances. (LO 4, 5} Unadjusted Adjusted Unadjusted Adjusted Accounts Payable $ 79,300 $ 80,300 Interest Revenue $ 4,000 $ 4,000 Accounts Receivable 50,300 50,300 Inventory 75,000 75,000 Accumulated DeptBuildings 42,100 52,500 Mortgage Payable 80,000 80,000 Accumulated DeptEquipment 29,600 42,900 Prepaid Insurance 9,600 2,400 Buildings 290,000 290,000 Property Tax Expense 4,800 Cash 23,800 23,800 Property Taxes Payable 4,800 Common Stock 1 12,000 112,000 Retained Earnings 64,600 64,600 Cost of Goods Sold 412,700 412,700 Salaries and Wages Expense 108,000 108,000 Depreciation Expense 23,700 Sales Commissions Expense 10,200 14,500 Dividends 28,000 28,000 Sales Commissions Payable 4,300 Equipment 1 10,000 110,000 Sales Returns and Allowances 8,000 8,000 Insurance Expense 7,200 Sales Revenue 728,000 728,000 Interest Expense 3,000 12,000 Utilities Expense 11,000 12,000 Interest Payable 9,000 Instructions [a] Net income $129,100 (8) Prepare a multiple-step income statement, a retained earnings statement, and a classi- Retained earnings $165,700 ed balance sheet. $25,000 of the mortgage payable is due for payment next year. Total assets $456,100 (b) Journalize the adjusting entries that were made. (e) Journalize the closing entries that are necessary