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I need these blanks to be filled in.. sometimes some of the blanks are empty. fUse the following information to prepare a multistep income statement

I need these blanks to be filled in.. sometimes some of the blanks are empty.

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\fUse the following information to prepare a multistep income statement and a balance sheet for Sherman Equipment Co. for Year 2. (Hint Some of the items will notappear on either statement, and ending retained earnings must be calculated.) (Balance Sheet only: Items to be deducted must be indicated with a minus sign.) Salaries Expense $ 83,000 Operating Expenses $ 76,000 Common Stock 100,000 Cash Flow from Investing Activities 92,400 Notes Receivable (short term) 38,000 Prepaid Rent 13,900 Allowance for Doubtful Accounts 9,200 Land 54,000 Uncollectible Accounts Expense 9,500 Cash 49,500 Supplies 2,600 Inventory 99,700 Interest Revenue 6,800 Accounts Payable 60,000 Sales Revenue 376,000 salaries Payable 26,000 Dividends 4,900 Cost of Goods Sold 162,000 Interest Receivable (short term) 2,900 Accounts Receivable 70,000 Beginning Retained Earnings 88,000

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