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.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation 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 $122,480 Interest receivable (short term) $ 940 53,500 Beginning retained earnings 17.290 Operating expenses 52,278 85,100 (96,200) 14,920 50,500 25,630 162,340 58,390 33,910 12,720 55,200 181,048 113,440 6,220 Cash flow from investing activities 42,700 Prepaid rent 122,510 Land 6,890 Cash 2,580 Inventory 14,690 Accounts payable 2,610 Interest expense 75,280 Salaries payable 5,790 Unearned revenue 505,720 Cost of goods sold 12,000 Accounts receivable 5,430 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018 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.) Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation 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 $122,480 Interest receivable (short term) $ 940 53,500 Beginning retained earnings 17.290 Operating expenses 52,278 85,100 (96,200) 14,920 50,500 25,630 162,340 58,390 33,910 12,720 55,200 181,048 113,440 6,220 Cash flow from investing activities 42,700 Prepaid rent 122,510 Land 6,890 Cash 2,580 Inventory 14,690 Accounts payable 2,610 Interest expense 75,280 Salaries payable 5,790 Unearned revenue 505,720 Cost of goods sold 12,000 Accounts receivable 5,430 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018