The following account balances were drawn from the records of PQS and Company on December 31, 2019: Cost of Sales $44,604 Advertising Expense $708 Salaries Expense 14,160 Inventory $3,250 Cash 54.000 Unearned Revenue 2.100 Purchases 27.250 Utilities Expense 1.062 Accounts Payable 5,430 Purchase Discount 550 Sales Discount 2.124 Admin. Expenses 2.832 Selling Costs 1.770 Accum. Depr., Bldg 12,275 Accounts Receivable 3,400 Depreciation Expense 2,124 Dividends 3.000 Sales Rtns. & Allow 1,416 Interest Income 1.000 Notes Payable 10,000 Sales 78,000 Building 150.000 Retained Earnings 32,000 Interest Expense 3.450 Supplies 3,200 Income Taxes Expense 1.158 Equipment 56.000 Capital 175.000 Bank Loan 25,000 Prepaid Rent 7.000 Required: Prepare a single-step income statement from the information provided above. b. Prepare a multi-step income statement from the information provided above. Prepare a classified Balance Sheet as on December 31, 2019 (Ignore any imbalance in amount). a. c