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Part One. Using the data below, prepare a classified balance sheet company's name: Leering Company. There are 2,000 shares of $10 par value com outstanding

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Part One. Using the data below, prepare a classified balance sheet company's name: Leering Company. There are 2,000 shares of $10 par value com outstanding Accounts Payable Building Not Currently Used Accumulated Depreciation, Equipment Common Stock Retained Earnings Copyright Bonds Payable (due in 20 years) Accounts Receivable Cash Unearned Revenue Short-Term Investments Land Equipment Long-Term Investments $1,600 19,000 8,000 20,000 22,600 5,000 13,000 3,000 5,200 800 2,000 16,000 15,000 800 Part Two. Using the data below, prepare a multistep income statement, for the year ended December 31, 2014. The company's name: The Leering Company. Net sales Cost of goods sold Selling expenses General and administrative expenses Income taxes expense Interest Expense Interest Income Common Stock outstanding $ 202,500 110,000 45,000 30,000 3,750 2,000 1,500 25,000

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