Required: Classify the above accounts in the "Account Type" space provided. Then prepare a Multi-Step Income Statement in Good Form. Note: Income Tax Rate is 40% Trial Balance Company Name: Smythe & Sedgwick Year Ending 12/31/20XX Account Type Debit Credit Cash $2,150,000 $250,000 Accounts Receivable Allowance for Doubtful Accounts $50,000 Inventory Prepaid Insurance $125,000 $15,000 $300,000 $3,000,000 Investments Property. Plant & Equipment Accumulated Depreciation Goodwill $250,000 $150,000 Accounts Payable Accrued Liabilities Notes Payable (short-term) Bonds Payable Premium on Bonds Payable Common Stock Additional Paid In Capital - Common Stock Preferred Stock Additional Paid In Capital - Preferred Stock Retained Eamings Treasury Stock $30,000 $40,000 $130,000 $200,000 $20,000 $2,500,000 $10,000 $30,000 $15.000 $195,000 $45,000 Sales $5,500,000 $10,000 Sales Discounts Interest Revenue Gain on Sale of Equipment $10,000 $70,000 Cost of Goods Sold Salary Expense Depreciation Expense Bad Debt Expense Loss on Sale of Land $3,000,000 $50,000 $25,000 $15,000 $30,000 $20,000 $9,050,000 Interest Expense Total $9,050 000