The following are the information for Chun Equipment Co. for 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) $122,830 Interest receivable (short term) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciatiorn Notes payable (long term) Salvage value of equipment Interest payable (short term) Uncollectible accounts expense Supplies Office equipment Interest revenue Sales revenue Dividends Rent expense 750 39, 537 92,790 (101,080) 13,970 47,200 21,550 164, 680 61,150 30,570 11,250 61,030 186, 887 112,840 52, 500 Beginning retained earnings 17,010 Operating expenses 5, 990 Cash flow from investing activities 34, 800 123, 850 Prepaid rent Land 6, 580 Cash 3,110 Invento ry 13,660 Accounts payable 3,080 Interest expense 76,530 Salaries payable 6,260 Unearned revenue 522, 030 Cost of goods sold 12,100 Accounts receivable 5,060 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018. Complete this question by entering your answers in the tabs below. Inc Stmt Bal Sheet Prepare a multistep income statement for Chun Equipment Co. for 2018 CHUN EQUIPMENT CO Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses Non-operating ltems Total non-operating items Inc Stmt Bal Sheet Prepare the balance sheet for Chun Equipment Co. for 2018. (Be sure to list the assets in the order of their liquidity.) CHUN EQUIPMENT CO. Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and stockholders' equity Current liabilities Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity