Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm's worksheet for the year ended December 31, 2019. Credit Cash Petty Cash Fund otes Receivable, due 2820 Accounts Receivable Allowance for Doubtful Accounts $ 24,100 500 11, 800 96, 8e0 $6,ee8 dise Inventory 234, ee6 2, 860 1,428 10, 280 46,000 178, e00 Warehouse Supplies office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Delivery Equipment Accumulated Depreciation-Delivery Equipment office Equipment Accumulated Depreciation-Office Equipment otes Payable, due 2020 Accounts Payable Interest Mortgage Payable Loans Payable, Long-ters Charles Ronie, Capital (Jan. 1) Charles Ronie, Drawing Income Sales Sales Returns and Allowances Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Warehouse Wages Expense Warehouse Supplies Expense Depreciation Salaries Expense-Sales Travel and Entertainment Expense Delivery Wages Expense Depreciation Expense Delivery Equipment Salaries Expense-Office Office Supplies Expense Insurance Expense Utilities Expense Telephone Expense Payroll Taxes Expense Property Taxes Expense Uncollectible Accounts Expense Depreciation Expense Building Depreciation Expense-office Equipment Interest Expense 37,e00 51, eee 25, 000 54,e98 17,488 19, 680 12,668 20, 200 39, 000 ble 580 090 17,ee0 462,468 244, 686 18, 200 767,000 234, 6e6 1,685, 6e8 1, 580 13, 800 B, 448 11, 168 199, 688 7,180 5, 800 269, 206 21,500 G0, 330 9, 800 7e, 600 4, 000 6,288 9, 296 6, 520 59,608 5,600 5, 800 9,900 4,990 8, 280 $2,649,420 Equipment otals $2, 649, 420 Required: 1. Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses 2. Prepare a statement of owner's equity for the year ended December 31, 2019. No additional investments were made during the period. 3. Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than a year
