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The ledger of Chacha Vatija Unity Limited contained the following account balances at December 31, 2019, the end of company's fiscal year. Accounts Balances ($)

The ledger of Chacha Vatija Unity Limited contained the following account balances at December 31, 2019, the end of company's fiscal year.

Accounts Balances ($) Cash 7130 Accounts Receivable 23000 Inventory 37000 Supplies 1010 Prepaid Rent 9410 Machinery 23900 Accumulated Depreciation-Machinery 9980 Equipment 62700 Accumulated Depreciation-Equipment 7530 Land 73000 Accounts Payable 9760 15% Debenture 31000 Common Stock ($ 2.5 par value) 40000 Additional Paid in Capital-Common Stock 42000 Retained Earnings 59400 Sales 547200 Sales Returns and Allowances 8000 Sales Discount 3600 Salaries Expense 75500 Cost of Goods Sold 385400 Loss from employee strike 4520 Wages Expense 7700 Rent Expense 12400 Interest Expense 3300 Advertising Expense 10000 Rent Revenue 3500 Other Administrative Expense 2800

Additional Data: 1. The accountant has forgot to record the issue of 1,000 common share @ $4.5 each on December 21, 2019. 2. 10% cash Dividend has been declared on the common stock. 3. The company is under 30% tax bracket. 4. Machinery is being depreciated @20% under straight line method, Equipment is being depreciated @30% under reducing balance method. 5. Supplies actually on hand is $ 200. 6. Physical check on December 31, 2019 reveals that inventory actually on hand is $ 35,200.

From the above information, prepare the followings: (a) Multistep income statement for the year ending December 31, 2019; (b) Stockholder_s Equity Statement as at December 31, 2019; and (c) Classified Balance Sheet as at December 31, 2019.

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