Question #3 - Classified Income Statement Prepare a Classified Income Statement for Dewey's Accounting School using the adjusted trial balance below. Income Statement formatted paper on next page. The mortgage will be paid over 10 years. The bank loan will be paid over five years. Dewey's Accounting School Adjusted Trial Balance November 30, 2019 Cash $ 6,200 Accounts Receivable 21,750 Merchandise Inventory - Accounting Books 55,000 Merchandise Inventory - Calculators 15,950 Office Supplies 1,100 Office Equipment 12,335 Accounting Equipment 24,450 Furniture 12,500 Building 225.000 Accounts Payable $ 37,700 Mortgage Payable 165,000 Bank Loan Payable 118,472 Dewey, Withdrawals 24,000 Dewey, Capital 45,225 Sales - Accounting Books 334343 Sales Discounts 4615 Sales Returns & Allowances - Accounting Books 6450 Cost of Goods Sold-Accounting Books Advertising Expense Utilities Expense Employee Wages Expense Entertainment Expense Insurance Expense Repairs Expense 188500 18,000 12,000 53,665 1.500 4,225 13,500 $700, 740 $700,740 Question #4 - Classified Balance Sheet Prepare a Classified Balance Sheet for Dewey's Accounting School using the adjusted trial balance above Balance Sheet formatted paper follows question #3 Income Statement formatted paper, Questions - Closing Entries Use the preceding trial balance to create closing entries. Journal page follows question #4 Balance Sheet formatted paper MacBook Air