Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Prescott Inc. for the flacal year ended September 30, 2078: Cash $104,375 Accounts Receivable 187,500 Inventory 472,500 Estimated Returns Inventory 43,750 Office Supplies 18,750 Prepaid Insurance 15,000 Office Equipment 144,000 Accumulated Depreciation- Office Equipment 61,875 Store Equipment 639,375 Accumulated Depreciation- Store Equipment 233,375 Accounts Payable 36,450 Customer Refunds Payable 43,750 Estimated Coupons Payable 24,300 Salaries Payable 12,000 Note Payable (due evenly over next five years) 65,000 Common Stock 18,750 Retained Earnings (as of Sept. 30, 2017) 317,250 Dividends 156,250 Check My Work