Pr 1 Sierra Department Store is located near the Village Shopping Mall. At the end of the company's fiscal year on Feb. 28, 20X1, the following amounts appeared in the Adjusted Trial Balance. Prepare a multi-step Income Statement (including a separation of selling expenses and administrative expenses and Other Revenues and Expenses, see page 304 in Chapter 3 for a great example), a Statement of Owner's Equity, and a Classified Balance Sheet (good example on page 306). Accounts Payable Accounts Receivable Debit Credit 79,300 - 52,500 - 42,900 50,300 Accumulated Depr - Building Accumulated Depr - Equipment Building 190,000 Cash 23,800 B. Cider, Capital (-0- investments this year) 176,600 Cost of Merchandise Sold 412,700 Depr. Expense - Building 10,400 Depr. Expense - Equipment 13,300 B. Cider, Drawing Equipment Insurance Expense 28,000 110,000 7,200 Interest Expense Interest Payable Interest Revenue 11,000 Merchandise Inventory Mortgage Payable, Long Term Office Salaries Expense Prepaid Insurance 75,000 - 8,000 4,000 - 80,000 32,000 2,400 Property Tax Expense 4,800 Property Taxes Payable 4,800 Sales 620,000 Sales Salary Expense 76,000 Sales Commissions Expense 14,500 Sales Commissions Payable 4,300 Utilities Expense 12,000 Utilities Payable Totals 1,000 1,073,400 1,073,400