Show me the steps to solveSylhet Departmental Store is located at the heart of Dhaka City. At the end of the company$$s fiscal year on December $31,2016.$ The following accounts appeared on the trail balances.

Account Title

Debit $($Tk$)$

Credit $($Tk$)$

Account Payable

Account Receivable

Accumulated Depreciation$-$ Delivery equipment

Accumulated Depreciation. $-$ Store Equipment

Cash

Mr$.$ Mamun, Capital

Cost of Goods Sold

Delivery Expense

Delivery Equipment

Depreciation Expense$-$ Delivery Equipment

Depreciation Expense$-$ Store Equipment

Mr$.$ Mamun, Drawing

Insurance Expense

Interest Expense

Interest Revenue

Merchandise Inventory

Notes Payable

Prepaid Insurance

Property Tax Expense

Property Taxes Payable

Rent Expense

Salaries Expense

Sales

Sales Commission Expense

Sales Commission Payable

Sales return & Allowances

Store Equipment

Utilities Expense

$11,770$

$8,000$

$633,220$

$8,200$

$57,000$

$4,000$

$9,500$

$12,000$

$9,000$

$8,000$

$36,200$

$4,500$

$3,500$

$19,000$

$120,000$

$14,000$

$10,000$

$125,000$

$10,600$

$1103490$

$47,310$

$19,680$

$41,800$

$84,200$

$5,000$

$46,000$

$3,500$

$850,000$

$6,000$

$1103490$

Analysis reveals the following additional data

i$.$ Salaries expense is $75\%$ selling and $25\%$ administrative.

ii$.$ Insurance expense is $50\%$ selling and $50\%$ administrative.

iii. Rent expense, Utilities expense, and Property tax expense are administrative expenses.

iv$.$ Notes payable are due in $2021.$

Instructions:

Prepare a multiple$-$step income statement, an owner$$s equity statement, and classified balance sheet $4.$ Sylhet Departmental Store is located at the heart of Dhaka City. At the end of the company's fiscal year on December $31,2016.$ The following accounts appeared on the trail balances.

Analysis reveals the following additional data

i$.$ Salaries expense is $\backslash (75\backslash \%\backslash )$ selling and $\backslash (25\backslash \%\backslash )$ administrative.

ii$.$ Insurance expense is $\backslash (50\backslash \%\backslash )$ selling and $\backslash (50\backslash \%\backslash )$ administrative.

iii. Rent expense, Utilities expense, and Property tax expense are administrative expenses.

iv$.$ Notes payable are due in $2021.$

Instructions:

Prepare a multiple$-$step income statement, an owner's equity statement, and classified balance sheet.