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he ending balances for selected accounts are listed in the Problem 1 worksheet. 2. Use only the accounts that have amounts provided and create the multiple step income statement and classified balance sheet for each problem 3. Use the pull down menus to select the accounts and subtotal headings. There is a blank at the bottom of the list if you wish to create separations 4. List the expenses on the Income statement in alphabetical order. List the Non-current assets and liabilities in alphabetical order as well. List the current assets and liabilities in order of liquidity Number Account Ending Balance Income Statement Balance Sheet Accounts Payable $ 56,223.78 Current Assets Accounts Receivable $ 117,256.31 Accumulated Amortization Net Sales $ - Accumulated Depreciation - Buildings $ 125,765.00 Accumulated Depreciation - Equipment $ 42,194.00 Gross Profit $ - Administrative Expenses $ 185,792.00 Advertising Expense $ 95,235.00 Operating Expenses Allowance for Doubtful Accounts $ 15,842.00 Total Current Assets Amortization Expense Bad Debt Expense $ 6,155.00 Non-current Assets Bonds Payable $ 300,759.00 Buildings $ 755,200.00 Cash $ 380,251.00 Common Stock $ 291,000.00 Copyrights Cost of Goods Sold (COGS) $ 566,488.00 Current Maturities of Long Term debt Total Non-current Assets $ - Debt Investments Depreciation Expense $ 18,955.00 Total Assets $ - Discount on Bonds Payable Total Operating Expenses $ - Dividends $ 20,000.00 Dividends Payable $ 20,000.00 Current Liabilities Equipment $ 328,924.00 Freight-out Gain on Disposal of Plant Assets Other Income and Expenses Goodwill Income Tax Expense $ 6,255.00 Income Taxes Payable $ 7,256.00 Operating Income $ - Insurance Expense $ 8,000.00 Total Current Liabilities $ - Interest Expense $ 13,755.00 Interest Payable $ 3,375.00 Interest Revenue Net Income $ - Inventory $ 161,304.98 Land $ 285,000.00 Loss on Disposal of Plant Assets Maintenance and Repairs Expense $ 71,741.00 Mortgage Payable Notes Payable $ 72,680.00 Total Non-current Liabilities $ - Office Supplies Expense $ 28,678.74 Paid in Capital in excess of Par - Common Stock $ 725,362.00 Total Liabilities $ - Paid in Capital in excess of Par - Preferred Stock Patents Preferred Stock Shareholder's Equity Premium on Bonds Payable Prepaid Insurance $ 25,000.00 Prepaid Rent Rent Expense Retained Earnings $ 343,625.51 Total Equity $ - Salaries and Wages Expense $ 430,844.00 Salaries and Wages Payable $ 12,055.00 Sales Discounts Total Liabilities and Equity $ - Sales Returns and Allowances $ 173,330.00 Sales Revenues $ 2,126,257.32 Selling Expenses $ 273,264.00 Service Revenue Stock Investments Supplies $ 22,851.00 Supplies Expense $ 4,980.00 Telephone Expense $ 5,520.00 Treasury Stock Unearned Service Revenue $ 59,650.00 Utilities Expense $ 11,741.00 Net Sales Gross Profit Operating Income Operating Expenses Net Income Other Income and Expenses Gains and Losses Total Operating Expenses Current Assets Total Current Assets Non-current Assets Total Non-current Assets Total Assets Current Liabilities Total Current Liabilities Non-current Liabilities Total Non-current Liabilities Total Liabilities Shareholder's Equity Total Equity Total Liabilities and Equit

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