The Matson Company had the following financial information for the year ended April 30

Salaries Expense $123,800

Common Stock 72,000

Allowance for Doubtful Accounts 7,000

Bad Debts Expense 15,800

Supplies 14,500

Interest Revenue 4,600

Accumulated Depreciation 38,000

Sales 500,000

Dividends 12,000

Interest Receivable (short term) 3,300

Beginning Retained Earnings 28,800

Advertising Expense 79,000

Accounts Payable 142,000

Cash Flow from Investing Activities 105,000

Notes Receivable (short-term) 17,000

Land 50,000

Cash 23,000

Inventory 154,000

Salaries Payable 102,000

Cost of Goods Sold 212,000

Accounts Receivable 113,000

Equipment 77,000

a) Prepare the multistep income statement (in good form) for April 30, 2020.

b) Prepare the classified balance sheet (in good form) as of April 30, 2020.

There may be items that will NOT appear on either statement. The total current assets are $317,800 and the total current liabilities are $244,000. You do not need any detail for cost of goods sold so don't include it!