Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for Year 1. (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 building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) $104,Beginning retained earnings 92,000 warranties payable (short term) 14,500 Gain on sale of equipment 16,000 Operating expenses 48,000 Cash flow from investing activities 142.000 Prepaid rent 12,000 Land 8.000 Cash 27,000 Inventory 4,700 Accounts payable 208.800 Interest expense 4.400 Salaries payable 904,000 Unearned revenue 17.000 cost of goods sold 7.400 Accounts receivable 1,800 Depreciation expense $43,100 4,700 9.000 47,000 98,000 20,000 77,000 43,800 128,000 37,000 18,000 50.000 29.000 577,000 90,000 120 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a multistep income statement for Eller Equipment Co. for Year 1. (Amounts to be deducted should be indicated with a minus sign.)