QUESTION #2 The following balances were taken from the books of Pina Colada Corp. 2017. Prepare a multiple-step income statement and a classified balance sheet for the company. 100,000 shares of common stock were outstanding during the year. on December 31, S 86,000 Accumulated depreciation -buildings $ 28,000 Interest revenue 51,000 Notes receivable Cash 155,000 Sales revenue 1,280,000 Selling expenses 194,000 Accounts receivable 150,000 Accounts payable 170,000 Prepaid insurance 20,000 Bonds payable 100,000 150,000 Office expenses Sales returns and allowances 97,000 7,000 Accrued liabilitics Allowance for doubtful accounts 32,000 60,000 Sales discounts 45,000 Interest expense 100,000 100,000 Notes payable Land Equipment 200,000 Buildings 140,000 500,000 621,000 Common stock Cost of goods sold Accumulated depreciation equipment 21,000 40,000 Retained earnings