Prepare from the data contained in the above Excel file: Classified Balance Sheet Multi-Step Income Statement Statement of Owner's Equity 20 pts 20 pts 5 pts 5 pts 50 pts Closing entries Total Lucy Lion, Inc. Adjusted Trial Balance December 31, 2019 Dr. 14.000 33 000 84 375 100 14.700 120.000 000 t 350 000 17.000 2700 12.500 Cash Accounts Recer Allowance for Doubtful Accounts Merchandise Estimated Retur Pradinsuran Land Once E mer Accu Depreciation Om E Bundings Accumulated Depreciation Buildings Timber Accumulated DepletionTimber Pan Accounts Paya Salaries Payabil Interest Payabi Customer Refunds Payable Uneamed Rent Notes Payable Capital Lucy Lion Lucy Lion, Draw Sales Purchases Purchases Reums and Allowances Purchase Discounts Freight in Bad Debt Exper Insurance Expo Interest Expens Repairs and MA Salaries Expend Advertising Exp Depreciation EX Depletion Exper Amortization Ex U s Expens Rent Revenue 5.750 1,500 6.500 2.000 225.000 323,610 6.700 421.750 295.260 7,430 2570 1 600 25.000 7.100 35 200 5.700 1.200 4 000 11.760 U Other data (1) inventory on 102400 2) Estimated i Bad Debt Expense Insurance Expense Repairs and Maintenance Expense Depletion Expense Amortion Expense, and s Expencee 100 strative (4) Advertising Expense is 100% seling (5) Depreciation Expense and Sales Expense are 60% administrative and 40% seling 6) Portion of 50.000 (7) Luty Line Instructions Prepare an XXL Classified Bwance Sheet Muis-step Income Statement Statement of Owner's Equity Closingers & Prepare from the data contained in the above Excel file: Classified Balance Sheet Multi-Step Income Statement Statement of Owner's Equity 20 pts 20 pts 5 pts 5 pts 50 pts Closing entries Total Lucy Lion, Inc. Adjusted Trial Balance December 31, 2019 Dr. 14.000 33 000 84 375 100 14.700 120.000 000 t 350 000 17.000 2700 12.500 Cash Accounts Recer Allowance for Doubtful Accounts Merchandise Estimated Retur Pradinsuran Land Once E mer Accu Depreciation Om E Bundings Accumulated Depreciation Buildings Timber Accumulated DepletionTimber Pan Accounts Paya Salaries Payabil Interest Payabi Customer Refunds Payable Uneamed Rent Notes Payable Capital Lucy Lion Lucy Lion, Draw Sales Purchases Purchases Reums and Allowances Purchase Discounts Freight in Bad Debt Exper Insurance Expo Interest Expens Repairs and MA Salaries Expend Advertising Exp Depreciation EX Depletion Exper Amortization Ex U s Expens Rent Revenue 5.750 1,500 6.500 2.000 225.000 323,610 6.700 421.750 295.260 7,430 2570 1 600 25.000 7.100 35 200 5.700 1.200 4 000 11.760 U Other data (1) inventory on 102400 2) Estimated i Bad Debt Expense Insurance Expense Repairs and Maintenance Expense Depletion Expense Amortion Expense, and s Expencee 100 strative (4) Advertising Expense is 100% seling (5) Depreciation Expense and Sales Expense are 60% administrative and 40% seling 6) Portion of 50.000 (7) Luty Line Instructions Prepare an XXL Classified Bwance Sheet Muis-step Income Statement Statement of Owner's Equity Closingers &
