Solve the balance sheet using the provided Year $1$ information.

Requlred use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Company for Year I. (Hint: Some of the items will not appear on either statement. and ending retained earnings must be calculated) $ 47, log 1B2,ee 132,ee 41, ee 581,ee Salaries expense Common stock Notes receivable (short term) Allowance for doubtful accounts Accumulated depreciation Notes payable (long term) Salvage value of building Interest payable (short term) uncollectible accounts expense Supplies Equipment Interest revenue Sales revenue Dividends Warranty expense Interest receivable (short term) $ 108,ee 96, ee 18, 2B, 52, ee 16, ee 7, n, ee s, 216, 4, 8e 912, 21, eoe 7, 8e 2,2e Beginning retained earnings warranties payable (short term) Gain on sale of equipment Operating expenses Cash flow from investing activities Prepaid rent Land Cash Inventory Accounts payable Interest expense Salaries payable uneamed revenue Cost of goods sold Accounts receivable Depreciation expense S, loe 12,ee sr,ee 24, eoe 81, eoe 33,ae 22, eoe 54, eoe 33,ee 94, ege Prepare a classified Balance sheet for Eller Equipment Company for Year 1. Note: Amounts to be deducted should be indicated with a minus sign. Assets Total current sssets Property, plant equiprnent Total property. plant 2nd Total assets Current liabilities Total current liabilities Long-term liabilities TotI long-teem iibilities Total liabilities Stockholders' equity Total stockholders equity Total liabilities and stockholders equity ELLER EQUIPMENT COMPANY Balance Sheet As of December 31, Year 1 s s Liabilities and Stockholders' Equity s