Analysis reveals the following additional data.1. Insurance Expense and utilitie

Analysis reveals the following additional data.1. Insurance Expense and utilities Expense are 60% selling and 40% administrative.2. $20000 of the mortgage Payable is due for payment next year.3.
Depreciation on the building and property Tax Expense are
administrative Expenses; depreciation on the equipment is a selling
Expense.Instructiona. Complete a multiple-step income
statement a retained earnings statement and a classified balance
sheet. (List amounts from largest to smallest eg 10 5 3 2. If amounts
are the same list alphabetically. List assets in order of liquidity
and liabilities from largest to smallest eg 10 5 3 2.)b. Journalize the adjusting entries that were made.c.
Journalize the closing entries that are necessary. (For multiple
debit/credit entries list amounts from largest to smallest eg 10 5 3
2.)Check: Net Income: $30100; Retained Earnings: $62100; Total Assets: $356100