The following balances were taken from the books of Pina Colada Corp. on December 31, 2017. Prepare a multiple-step income statement and a classified balance sheet for the company. 100,000 shares of common stock were outstanding during the year. Interest revenue S 86,000 Accumulated depreciation-buildings $ 28,000 Cash 51,000 Notes receivable 155,000 Sales revenue 1,280,000 Selling expenses 194,000 Accounts receivable 150,000 Accounts payable 170,000 Prepaid insurance 20,000 Bonds payable 100,000 Sales returns and allowances 150,000 Office expenses 97,000 Allowance for doubtful accounts 7,000 Accrued liabilities 32,000 Sales discounts 45,000 Interest expense 60,000 Land 100,000 Notes payable 100,000 Equipment 200,000 Buildings 140,000 Cost of goods sold 621,000 Common stock 119,000 Accumulated depreciation-equipment 40,000 Retained earnings 21,000