Use the following information to prepare a multistep income statement and a balance sheet for Sherman 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 $78,000 Operating expenses $71,000 Common stock 100,000 Cash Flow from investing activities 87,400 Notes receivable (short term) 33,000 Prepaid rent 13,400 Allowance for doubtful accounts 8,700 Land 49,000 Uncollectible accounts expense 9,000 Cash 49,000 Supplies 2,100 Inventory 99,200 Interest revenue 6,300 Accounts payable 55,000 Sales revenue 356,000 Salaries payable 21,000 Dividends 4,400 Cost of goods sold 157,000 Interest receivable (short term) 2,400 Accounts receivable 65,000 Beginning retai