how do I prepare a classified balance sheet, multiple step
income statement, and retained earnings please help
Accounts payable
$ 40,000
Gain on sale of equipment X
$ 2,000
Accounts receivable
50,000
Income tax expense X
5,000
Accumulated depreciation - building
10,000
Inventory
100,000
Additional paid-in capital
800,000
Interest expense X
4,000
Allowance for uncollectible accounts
5,000
Land
200,000
Bonds payable, due in 2029
800,000
Note payable, due 10/1/20
100,000
Building
641,000
Preferred stock
300,000
Cash
1,500,000
Prepaid insurance
5,000
Common stock...