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 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) $ 104,000 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 Prepaid rent $ 43,100 4,700 9,000 47,000 98,000 142,000 12,000 Land 8,000 Cash 27,000 Inventory 20,000 77,000 43,800 128,000 4,700 Accounts payable 37,000 208,800 Interest expense 18,000 4,400 Salaries payable 50,000 904,000 Unearned revenue 29,000 17,000 Cost of goods sold 577,000 7,400 Accounts receivable 90,000 1,800 Depreciation expense 1,200