Please Solve As soon as Solve quickly I get you UPVOTE directly Thank's Abdul-Rahim Taysir

Question #02: a) Multiple-step income statement and Classified balance sheet are widely used by medium and large companies. Do you think so? Justify your opinion. [02] b) Adjusting entries are required every time a company prepares financial statements. What are the reasons behind it? [02] c) The adjusted balances of Mahira Department Store's worksheet for the year ended November 30, 2019, are as follows: Mahira Department Store Trial Balance November 30, 2019 Account Titles Dr. Cr. Account Titles Dr. Cr. (Tk.) (Tk.) (Tk.) (Tk.) Cash 1,10,000 Inventory 20.000 Accounts receivable 40,000 Utilities Expenses 6,000 Accounts payable 25,000 Advertising Expenses 15,000 Equipment 2,60,000 Prepaid insurance 18,000 Accumulated 45,000 Salaries and wages 20,000 depreciation-equipment expense Furniture 97,000 Sales revenue 4,56,700 Accumulated 20,000 Sales returns and 8.000 depreciation-furniture allowance Cost of goods sold 2,75,500 Sales discount 4,000 Mortgage payable 35,000 Owner's capital 3,05,500 Depreciation expense 9,000 Owner's drawings 17,000 Repair expense 2,000 Sales commission 5,700 expense Interest expense 5,000 Sales commission 9.000 payable Interest revenue 6,000 Gain on sales of assets 10,000 Additional information: . Insurance expires at the rate of Tk. 500 per month. Sales revenue earned but unrecorded at November 30 totals Tk. 30,000 Advertising expenses of Tk. 4,750 are accrued and unpaid at November 30. . Instructions: Prepare a multiple-step income statement for the year ended November 30, 2019. [03] Prepare a classified balance sheet at November 30, 2019. [03]