Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year 2. (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 tern) Salvage value of building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short tern) $ 72,200 Beginning retained carnings 50,22 Warranties payable (short tern) 10,202 Gain on sale of equipment 6,502 Operating expenses 42,300 Cash flow from investing activities 30,202 Prepaid rent 6,200 Land 1,500 Cash 7,152 Inventory 1,900 Accounts payable 97,500 Interest expense 3,602 Salarios payable 510, Bee Unearned revenue 11,582 Cost of goods sold 9,600 Accounts receivable 622 Depreciation expense $ 134,150 2.500 8.500 96,000 125,000 14, eee 78,000 26,300 110,500 32,080 8,620 5, 20e 26,300 310, 56.000 1, we Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a multistep income statement for Eller Equipment Company for Year 2. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT COMPANY Income Statement For the Year Ending December 31, Year 2 Operating experises Total operating expenses Non-operating items Total non-operating items Income Statement Balance Sheet > Income Statement Balance Sheet Prepare a classified balance sheet for Eller Equipment Company for Year 2. (Amounts to be deducted should be indicated with a minus sign.) ELLER EQUIPMENT COMPANY Balance Sheet AB of December 31, Year 2 Aseta Tatal current assets Property, plant and equipment Total property, plant and equipment Total assets Llabilities and stockholders' Equity Current liabilities Talal current liabilities Long-term liabilities Total long-term liabilities Total liabilities stockholders' equity Total stockholders equity Total liabilities and stockholders' equity