prepare a multiple-step income statement, statement of owner's equity, and a classified balance sheet

The following is an alphabetical list of Emma adjusted account balances at the end of the company's fiscal year on December 31 , 2021 : Prepare financial statements and closing entriesperiodic system. \begin{tabular}{|l|r|l|r|r|} \hline Accounts Payable & 86300 & Interest & revenue & 1050 \\ \hline Accounts receivable & 44200 & Land & 75000 \\ \hline Accumulated depreciation-building & 51800 & Merchandise inventory & 40500 \\ \hline Accumulated depreciation-equipment & 42900 & Mortgage payable & 155000 \\ \hline Building & 190000 & Property tax expense & 4800 \\ \hline Cash & 17000 & Purchases & 441600 \\ \hline Depreciation expense & 23400 & Purchase discounts & 8830 \\ \hline Equipment & 110000 & Purchase returns and allowances & 20070 \\ \hline Freight in & 5600 & Salaries expense & 127500 \\ \hline Freight out & 7500 & Salaries payable & 3500 \\ \hline H. Emma, capital & 143600 & Sales & 642800 \\ \hline H. Emma, drawings & 14450 & Sales discounts & 12700 \\ \hline Insurance expense & 9600 & Sales returns and allowances & 11900 \\ \hline Interest expense & 11345 & Unearned revenue & 8300 \\ \hline Interest payable & 945 & Utilities expense & 18000 \\ \hline \end{tabular} Additional information: 1. Emma uses a periodic inventory system. 2. A physical inventory count determined that merchandise inventory on December 31,2021 , was $36400. 3. Of the mortgage payable, $25,000 is to be paid April 30,2022