Credit Debit 6,200 86,300 16,400 3,500 40,000 812,000 1,200,000 560,000 12,000 18,000 42,000 6,300 50,000 300,000 20,000 Cash Accounts receivable Inventory Prepaid insurance Land Equipment Buildings Accumulated depreciation Patent Copyright Accounts payable Unearned revenue Notes payable* Bonds payable Discount Common stock Additional paid in capital Treasury stock Retained earnings Sales revenue Sales discounts Cost of goods sold Wages expense Advertising expense Utilities expense Depreciation expense Amortization expense Interest expense Gain on sale of land Loss on sale of equipment 8,000 42,000 11,000 293,900 1,900,000 56,000 460,000 365,000 43,000 15,200 14,000 3,900 17,500 4,300 6,500 Total 3,206,500 3,206,500 *Note payable, $20,000 is due within one year, with the remainder due beyond one year Please prepare an income statement, a statement of retained earnings, and a classified balance sheet