WITH THE ADJUSTED TRIAL BALANCE SHOWED BELOW CREATE A MULTIPLE STEP INCOME STATEMENT AND A CLASSIFIED BALANCE SHEE

	DR	CR
Cash	3,399,500
Accounts receivable	3,590,000
Allowance for bad debt		659,000
Other debtors
Merchandise Inventory		50,000
Store Supplies	150,000
Prepaid Insurance	5,525,000
Prepaid rent	444,000
Furniture & Equipment	8,800,000
Accumulated deprecation-Furniture and equipment		4,350,000

Motor Truck	2,600,000
Accumulated depreciation- Motor Truck		1,986,583
Accounts payable		330,000
Salary payable		1,500,000
Interest payable		220,000
Unearned Sales revenue		1,775,000
Note Payable, long term		2,704,500
Capital		18,500,000
Withdrawals	65,500
Sales revenue		28,306,074

Sales discount	655,500
Sales returns and allowances	655,500
Cost of goods sold	18,950,000
Salary expense	10,000,000
Insurance Expense	325,000
Utilities Expense	690,000
Rent Expense	2,664,000
Depreciation Expense Furniture and Equipment	870,000
Depreciation Expense Motor truck	68,157
Store Supplies Expense	350,000

Gain/loss on Disposal of Fixed Asset
Bad-Debt Expense	359,000
Interest Expense	220,000
	60,381,157	60,381,157