Prepare a multi step income statement, a statement of stockholders equity and balance sheet

Financial Problem The following balances were reported on the Trial Balance for Hughley Equipment Co. The balance in Common Stock already reflects $30,000 of Common Stock issued during the year. Required: Prepare a multi-step Income Statement, a Statement of Stockholder's Equity, and a classified Balance Sheet. Account Credit Cash Debit 26,300 56,000 6,500 109,500 1,800 600 12,200 15,000 93,500 42,300 50,000 Accounts Receivable Allowance for Uncollectible Accounts Inventory Supplies Interest Receivable Prepaid Rent Notes Receivable-short term Equipment Accumulated Depreciation Land Accounts Payable Salaries Payable Interest Payable Warranties Payable Deferred Revenue Notes Payable-long term Common Stock Retained Earnings-Beg. Dividends Sales Revenue Interest Revenue Gain on Sale of Assets Cost of Goods Sold Salaries Expense Warranty Expense Bad Debt Expense Interest Expense Depreciation Expense Income Tax Expense 32,000 5,200 1,500 1,500 26,300 110,000 50,000 70,150 10,000 420,000 3,600 8,500 236,000 65,000 8,400 8,650 8,600 1,000 75,000