The account balances for the year ended July 31, 2012, for Northeast Industries, Inc., are listed next:

Requirements
1. Prepare Northeast Industries, Inc.€™s multi-step income statement.
2. Prepare Northeast Industries, Inc.€™s statement of retained earnings.
3. Prepare Northeast Industries, Inc.€™s classified balance sheet in reportform.

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e$320,000 Equipment..13800 Sales Revenue.. $119,600 145,000 Accumulated Depreciation 26,400 5,900 2,500 52,000 Accounts Payable Sales Discounts Advertising Expense. Interest Expense Salaries Payabl. Accounts Receivable.. Building Sales Returns and Equipment 3,300 Unearned Sales Revenue.... 13,300 Prepaid Rent 1,100 1,300 7,200 Office Salaries Expense Accumulated Depreciation 40,500 3,800 8,000 18,000 Building 190,000 Utilities Expense Dividends Allowances Common Stock Depreciation Expense 6,700 Cash 45,000 Retained Earnings, 7/31/2011 Delivery Expense. 1,500 4,600 (General) Inventory Commission Expense.. 14,000 Insurance Expense 28,000 Mortgage Payable (Long-Term) Supplies 35,000 1,000 ....41,000