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 6, Exhibit 11) for a great example), a Statement of Owner's Equity, and a Classified Balance Sheet (good example in Chapter 6 page 306, Exhibit 14). Debit Credit Accounts Payable 79,300 Accounts Receivable 50,300 Accumulated Depr-Store Building $2,500 Accumulated Depr-Office Equipment 42,900 Store Building 190,000 Cash 23,800 B. Swett, Capital (-0- Investments this year) 176,600 Cost of Merchandise Sold 412,700 Depr. Expense-Store Building 10,400 Depr. Expense-Office Equipment 13,300 B. Swett, Drawing Office Equipment Insurance Expense. Interest Expense 28,000 110,000 7,200 11,000 Interest Payable 8,000 Interest Revenue 4,000 Merchandise Inventory 75,000 Mortgage Payable, Long Term 80,000 Office Salaries Expense 32,000 Prepaid Insurance 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 1,000 Totals 1,073,400 1,073,400