Problem 9-25A (Algo) Multistep income statement and classified balance sheet LO 9-6 Required Use the following information to prepare a multistepincome statement and a classified balance sheet for Eller Equipment Co, for Year 1. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) 000 Prepaid rent Salaries expense Common stock Notes receivable (short tera) Allowance for doubtful accounts Accumulated depreciation Notes payable (long tera) Salvage value of building Interest payable (short term) Uncollectible accounts expense pent Interest revenue Sales revenue Dividends Interest receivable (short term) $110.000 Beginning retained earnings 98,000 warranties payable (short term) 20,500 Gain on sale of equipment 22,600 Operating expenses 54,000 Cash flow from investing activities 148,000 18.000 Land 9,000 Cash 33,600 Inventory 5,300 Accounts payable 220,200 Interest 5,000 salaries payable 916,000 Unearned revenue 23,000 Cost of goods sold 8,000 Accounts receivable 2,400 Depreciation expense $ 49,100 5,300 14,000 53,000 104,000 26,000 83,000 55,200 110,000 13.000 24,00 56,000 35,000 583,000 96,000 1,000 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a multistep income statement for Eller Equipment Co. for Year 1. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 1 0 Operating expenses Total operating expenses 0 0 Non-operating items Total non-operating items Income Statement Balance Sheet > Complete this question by entering your answers in the tabs below. Income Sument Prepare a classified Balance sheet for Eller Equipment Co. for Year 1. (Amounts to be deducted should be indicated with a minus sign ELLER EQUIPMENT CO. Balance sheet As of December 31, Year 1 Ansate Toucurrent Property plant and equipment Total property and event S Liabilities and Stockholders' County Current Total currenties Long term Total longo Toallas Stockholders' equity Total stockholders Total Babies and out ( income statement Dance