Salaries expense $117,000 Beginning retained earnings $ 56, 100 Common stock 105,000 Warranties payable (short term) 6,000 Notes receivable short term) 27,500 Gain on sale of equipment 14,000 Allowance for doubtful accounts 14,800 Operating expenses 68,000 Cash flow from investing Accumulated depreciation 61,000 activities 111,080 Notes payable (long term) 155,000 Prepaid rent 33,000 Salvage value of building 16,000 Land 90,000 Interest payable (short term) 6,000 Cash 43,500 Uncollectible accounts expense 40,000 Inventory 104,000 Supplies 6,000 Accounts payable 50,000 Equipment 233,500 Interest expense 31,000 Interest revenue 5,700 Salaries payable 63,000 Sales revenue 930,000 Unearned revenue 42,080 Dividends 15,000 Cost of goods sold 590,000 Warranty expense 8,700 Accounts receivable 103,880 Interest receivable (short term) 3,100 Depreciation expense 2,500 Complete this question by entering your answers in the tabs below. Income Balance Statem... Sheet Prepare a multistep Balance sheet for Eller Equipment Co. for Year 1. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT CO. Balance Sheet As of December 31, Year 1 Assets Cash $ 43,500 Accounts receivable 0 43,500 Total current assets Property, plant and equipment 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities $ 43,500 0 Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Stockholders' equity 0 0 0 Total stockholders' equity Total liabilities and stockholders' s 0