WW Required Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for Year 1 (Hint: Some of the items will not appear on either statement and ending retained earnings must be calculated) $ 45,100 4.9 2a, Salaries expense Con stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long tera) Salvage value of building Interest payable (short term) Uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short tere) $106.000 Beginning retained earnings 94,000 warranties payable short ters) 16,500 Gain on sale of equipment 18,000 Operating expenses 50,000 cash flow fron investing activities 144,000 Prepaid rent 14,038 Land 5.ean Cash 29,00 Inventory 4,900 Accounts payable 212,600 Interest expense 4,600 Salaries payable 908,000 Unearned revenue 19,e Cost of goods sold 7,680 Accounts receivable 2,000 Depreciation expense 109, ece 22.000 79.000 35,6 330,000 39, cee 20,000 52,000 11,000 579,000 1.40 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a multistep income statement for Eller Equipment Co, for Year 1. (Amounts to be deducted should be indicated with minus sign ELLER EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 1 Operating expenses 0 Total operating expenses 0 Non operating items Total non-operating tems ELLER EQUIPMENT CO. Balance sheet As of December 31 Year 1 Assets 0 0 Total current assets Property, plant and equipment 0 0 Total property, plant and equipment Total assets Liabilities and Stockholders Equity Current liabilities Total current alties Long temables Total long terlalties Total liabilities Stockholders equity Totalcohoders eduity Total des and stockholderegully