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Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31,

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Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31, 2016. All accounts have normal balances. Accounts payable.... ........ Accounts receivable............... Building Cash. Common stock..... $ 46,000 40,000 67,000 28,000 113,000 Inventory. . . . . . . . . . . . . . . . . . . . . . . . Land ........... Mortgage payable (long term) ....... Office supplies .. Retained earnings ............... Salaries payable.... $117.000 45,000 79,000 1,000 7,000 Multi-step Income Statement From the following accounts, listed in alphabetical order, prepare a multi-step income statement for Karlman Distributors for the year ended December 31. All accounts have normal balances. ung, general and administrative expense . . . . $196,000 335,000 5,000 Sales revenue............ Income tax expense....... $560,000 10,000 Cost of goods sold......... Interest expense

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