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.$)$

Complete this question by entering your answers in the tabs below.

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 $2$