More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows:

1. Prepare a multiple-step income statement, a statement of owners equity, and a

classified balance sheet in good form

Comprehensive Problem More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Prepaid Insurance 117 Store Supplies 123 Store Equipment 124 Accumulated Depreciation-Store Equipment 210 Accounts Payable 211 Salaries Payable 218 Interest Payable 220 Note Payable (Due 2017) 310 P. Williams, Capital (January 1, 2012) 311 P. Williams, Drawing 312 Income Summary 410 Sales 411 Sales Returns and Allowances 412 Sales Discounts 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 550 Interest Expense 34,220 133,900 3,750 2,550 114,300 12,600 21,450 10,000 103,280 10,000 715,800 20,600 13,200 360,500 74,400 18,000 2,800 40,500 18,600 1,650 240 More Co. uses the perpetual inventory system and the last-in, first-out costing method Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process More Co. sells four types of television entertainment units The sales price of each are: TV A: $3,500 TV B: $5,250 TVC: $6,125 PS D: 59,000