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 $121,750 Interest receivable (short term) 920 54,000 Beginning retained earnings 16,730Operating expenses 46,701 93,640 (101,600) 13,400 50,600 21,800 162,410 61,550 33,770 12,360 55,280 187,341 113,470 5,780 Cash flow from investing activities 33,500 Prepaid rent 124,540 Land 6,920 Cash 2,600 Inventory 13,750 Accounts payable 3,170 Interest expense 75,700Salaries payable 6,360 Unearned revenue 23,300 Cost of goods sold 12,700 Accounts receivable 4, 820 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018