Cusick Department Store is located near the Village Shopping Mall. At the end of the company??s calendar year on December 31, 2012, the following accounts appeared in two of its trial balances.

Instructions(a) Prepare a multiple-step income statement, an owner??s equity statement, and a classifi ed balance sheet. $25,000 of the mortgage payable is due for payment next year.(b) Journalize the adjusting entries that were made.(c) Journalize the closing entries that arenecessary.

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Unadjusted Adjusted $ 79,300 $ 80,300 Accounts Payable Inventory Mortgage Payable Owner's Capital Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Salaries and Wages Expense Accounts Receivable 50,300 50,300 52,500 Accumulated Depr.- Buildings Accumulated Depr.- Equipment Buildings Cash 42,100 29.600 42,900 290,000 290,000 23,800 23,800 Cost of Goods Sold 412,700 412,700 23,700 Depreciation Expense Equipment Insurance Expense Interest Expense Interest Payable 110,000 110,000 Sales Revenue Sales Commissions Expense Sales Commissions Payable 7,200 3,000 12,000 9,000 Sales Returns and Allowances Utilities Expense Interest Revenue 4,000 4,000