Use the following information to prepare a multistep income statement and a classified balance sheet for Chun Equipment Co. for 2018.

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41,200 Interestrecelvable (short term) 90,000 Beginning retalned earnings 15,000 Operating expenses 6,500 Cash flow from investing activities Notes recelvable (short term) Allowance for doubtful accounts Notes payable (long term) Salvage value of equipment Interest payable (short term) 1,900 nventory Uncollectible accounts expense 9,600 Accounts payable 57,000 Salarles payable 40,000 Cost of goods sold Interest revenue 10,000 Accounts recelvable