Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year 1. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.)

Required Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year 1. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Complete this question by entering your answers in the tabs below. Prepare a multistep income statement for Eller Equipment Company for Year 1. Note: Amounts to be deducted should be indicated with a minus sign. Prepare a multistep income statement for Eller Equipment Company for Year 1 . Nnte. Amnunte th he dedcted chnold he indirated with a mins cirn