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 $121,870 53,000 17,900 8,010 35,400 125,460 7,280 2,770 14,080 3,100 73,600 5,850 504,650 11,100 4,740 Interest receivable (short term) Beginning retained earnings Operating expenses Cash flow from investing activities Prepaid rent Land Cash Inventory Accounts payable Interest expense Salaries payable Unearned revenue Cost of goods sold Accounts receivable $ 510 36,395 88,630 (99,670) 14,530 46,000 24,600 164,650 64,850 32,100 11,660 62,530 180,665 112,500 Required Prepare a multistep income statement and balance sheet for Chun Equipment Co. for 2018