Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense, selling space Office supplies expenses Rent expense, office space Advertising expense John Hogan, capital John Hogan, withdrawals Totals 14,000 8,000 126,400 105,200 25,000 1,800 65,000 42,600 I. 58,800 2,000 $642,300 $642,300 equired 1. Prepare a classified multi-step income statement for the year ended December 31, 2019. marks) 2. Prepare a statement of changes in equity for the year ended December 31, 2019. (5 mar 3. Prepare a classified balance sheet as on December 31, 2019 based on the information provided. (10 marks). W Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense, selling space Office supplies expenses Rent expense, office space Advertising expense John Hogan, capital John Hogan, withdrawals Totals 14,000 8,000 126,400 105,200 25,000 1,800 65,000 42,600 I. 58,800 2,000 $642,300 $642,300 equired 1. Prepare a classified multi-step income statement for the year ended December 31, 2019. marks) 2. Prepare a statement of changes in equity for the year ended December 31, 2019. (5 mar 3. Prepare a classified balance sheet as on December 31, 2019 based on the information provided. (10 marks). W