1. 7-M MASTERY PROBLEM (LO1, 2, 3), p. 209 (STATIC) 1. Classify Items 2. Income Statement Heading 3. Income Statement Body 4. Calculate Net Income (Loss) 5. Income Statement Percentages 6. Prepare Statement of Owner's Equity STEP: 1 of 9 Eiler Copy Service has completed its work sheet. It is now ready to prepare the income statement and balance sheet. The alphabetical list of accounts shown here is taken from the Eiler Copy Service work sheet. Select the statement and in which section each account will appear. For any account that does not appear on either statement, select Neither. Account Accounts Payable-Supplies Plus Accounts Receivable-S. Romano Advertising Expense Cash Cash Short and Over Cheryl Eiler, Capital Cheryl Eiler, Drawing Income Summary Insurance Expense Miscellaneous Expense Petty Cash Prepaid Insurance Sales Supplies Supplies Expense Utilities Expense Income Statement Revenue Expenses Assets Balance Sheet Liabilities Owner's Equity Neither TOTAL SCORE: 0/13 Grade Step 1 (to complete this step and unlock the next step)