Required Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year 2. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) Salvage value of building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) 114,000 Beginning retained earnings 102,000 Warranties payable (short term) 24,500 Gain on sale of equipment 11,000 Operating expenses Cash flow from investing activities 58,000 152,000 Prepaid rent 13,000 Land 8,000 Cash 37,000 Inventory 5,700 Accounts payable 227,800 Interest expense 5,400 Salaries payable 924,000 Unearned revenue 12,000 Cost of goods sold 8,400 Accounts receivable 2,800 Depreciation expense Complete this question by entering your answers in the tabs below. $ 53,100 5,700 11,000 57,000 108,000 30,000 87,000 51,800 101,000 47,000 28,000 60,000 39,000 587,000 100,000 2,200 Income Stateme... Balance Sheet Prepare a multistep income statement for Eller Equipment Company for Year 2. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT COMPANY Income Statement For the Year Ending December 31, Year 2 Income Balance Stateme... Sheet Operating expenses Total operating expenses Non-operating items Total non-operating items > Income Statement Bala Prepare a multistep Balance sheet for Eller Equipment Company for Year 2. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT COMPANY Balance Sheet As of December 31, Year 2 Assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Current liabilities Liabilities and Stockholders' Equity Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity < Income Statement Balance Sheet >