Parker Company has the following ledger accounts and adjusted balances as of December 3 2018, All accounts have normal balances. Parker's income tax rate is 40%. Parker has 300,000 shares of $10 par Common Stock authorized. You will need to determine the number of shares issued and the number of shares outstanding for your balance sheet Accumulated Depreciation-Building....75000 8/ Administrative Expenses 60,000 487,500 RE 570,000 Common Stock. Cost ofGoods Sold Income from Operations of Division 75,000 15 Division X is a component of Barker Company) Loss from Fire Loss from Sale of Division135,000 s (Division X is a component of Barker Company) 105,000 15,000+5s 45,000 S 195,000 -Sales Discounts. Selling Expenses Two years rent paid in advance for ofisite document storage. Instructions: Use this information to prepare a multiple-step income statement and a classified balance sheet