Required Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year 1. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) ELLER EQUIPMENT COMPANY Income Statement For the Year Ending December 31, Year 1 ELLER EQUIPMENT COMPANY Balance Sheet As of Decomber 31, Year 1 Assets Liabilities and Stockholders' Equity Total assets Liabilities and Stockholders' Equity