Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firms worksheet for the year ended December 31, 2019. ACCOUNTS Debit Credit Cash $ 23,900 Petty Cash Fund 600 Notes Receivable, due 2020 11,600 Accounts Receivable 94,000 Allowance for Doubtful Accounts $ 5,800 Merchandise Inventory 232,000 Warehouse Supplies 2,840 Office Supplies 1,400 Prepaid Insurance 9,600 Land 44,000 Building 176,000 Accumulated DepreciationBuilding 52,800 Warehouse Equipment 36,000 Accumulated DepreciationWarehouse Equipment 16,800 Delivery Equipment 50,000 Accumulated DepreciationDelivery Equipment 19,200 Office Equipment 24,000 Accumulated DepreciationOffice Equipment 11,400 Notes Payable, due 2020 20,000 Accounts Payable 38,800 Interest Payable 560 Mortgage Payable 60,000 Loans Payable, Long-term 16,000 Charles Ronie, Capital (Jan. 1) 449,760 Charles Ronie, Drawing 126,800 Income Summary 242,000 232,000 Sales 1,681,000 Sales Returns and Allowances 18,000 Interest Income 1,560 Purchases 765,000 Freight In 13,600 Purchases Returns and Allowances 8,240 Purchases Discounts 10,960 Warehouse Wages Expense 197,600 Warehouse Supplies Expense 6,900 Depreciation ExpenseWarehouse Equipment 5,600 Salaries ExpenseSales 267,200 Travel and Entertainment Expense 21,300 Delivery Wages Expense 60,130 Depreciation ExpenseDelivery Equipment 9,600 Salaries ExpenseOffice 70,400 Office Supplies Expense 3,800 Insurance Expense 6,000 Utilities Expense 9,090 Telephone Expense 6,320 Payroll Taxes Expense 58,000 Property Taxes Expense 5,400 Uncollectible Accounts Expense 5,600 Depreciation ExpenseBuilding 8,800 Depreciation ExpenseOffice Equipment 3,800 Interest Expense 8,000 Totals $ 2,624,880 $ 2,624,880 Required: 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. Prepare a statement of owners equity for the year ended December 31, 2019. No additional investments were made during the period. Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than a year.