8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write a definition explain what it is used for, 2) identify what type of account it is, 3) what it's normal balance is, and 4) which financial statement it appears on. (You should also be able to do this for any account names that have been introduced so far that don't appear in this specific problem.) Then, prepare a multiple-step income statement statement of retained earnings and a classified balance sheet as of December 31, 2019, in good form. You should be able to define all the terms that appear on the financial statements $26.400 Interest Payable 268,700 Interest Revenue 64,500 Inventory 18.000 11,000 186,000 950,400 Land 875,000 10.500 Accounts Payable Accounts Receivable Accumulated Depreciation (Building) Accumulated Depreciation (Equipment) Bonds Payable (due 2024) Building Cash Common Stock Cost of Goods Sold Depreciation Expense (Building) Depreciation Expense (Equipment) Dividends Equipment Income Taxes Expense Interest Expense 1.000.000 Prepaid Insurance 197,300 Rent Expense 22,300 Rent Payable 600,000 Retained Earnings, 12/31/2018 895,200 Sales Revenue 21,500 Supplies 46,300 Supplies Expense 25,300 Utilities Expense 1,249,000 Wages Expense 22,910 Wages Payable 236,300 14,600 2,400 69.810 1,932,300 9,800 89.100 239,400 287,200 21,600