Problem $9-25$A $($Algo$)$ Multistep income statement and classified balance sheet LO $9-6$

Required

Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year $1.($Hint Some of the items will not appear on either statement, and ending retained earnings must be calculated$)$

$\backslash$table$[[,,,],[\backslash$table$[[$Salaries expense$],[$Common stock$]],$$$108,000,$Beginning retained earnings,$$47,100$