Question text A friend who owns a small bookstore business named "Amazing Read". The friend knows that you are studying accounting, and has asked if you would help prepare the entity’s classified balance sheet statement and an income statement. To perform this task, the friend has provided you with the following list of items generated from the transactions for the year. You are required to classify each item and select the report in which the item will be presented [table] Item | $ | Classification | Report Accumulated depreciation | 6600 | Answer 1 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 2 Question 1 Income StatementBalance Sheet 5 year bank loan | 124000 | Answer 3 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 4 Question 1 Income StatementBalance Sheet Amounts owing to employees | 5600 | Answer 5 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 6 Question 1 Income StatementBalance Sheet Amounts owing to family | 46000 | Answer 7 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 8 Question 1 Income StatementBalance Sheet Bank | 28900 | Answer 9 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 10 Question 1 Income StatementBalance Sheet Book inventory | 68000 | Answer 11 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 12 Question 1 Income StatementBalance Sheet Capital | 32380 | Answer 13 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 14 Question 1 Income StatementBalance Sheet Cash sales | 145800 | Answer 15 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 16 Question 1 Income StatementBalance Sheet Cash withdrawn by owner | 18000 | Answer 17 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 18 Question 1 Income StatementBalance Sheet Cost of books sold | 89020 | Answer 19 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 20 Question 1 Income StatementBalance Sheet Cost of catalogues used | 4500 | Answer 21 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 22 Question 1 Income StatementBalance Sheet Depreciation | 6800 | Answer 23 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 24 Question 1 Income StatementBalance Sheet Insurance premium prepaid | 14700 | Answer 25 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 26 Question 1 Income StatementBalance Sheet Maintenance of website | 5400 | Answer 27 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 28 Question 1 Income StatementBalance Sheet Marketing costs | 12500 | Answer 29 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 30 Question 1 Income StatementBalance Sheet Sales of book related products | 38000 | Answer 31 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 32 Question 1 Income StatementBalance Sheet Shelving and display cabinets | 23000 | Answer 33 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 34 Question 1 Income StatementBalance Sheet Shop rental | 24000 | Answer 35 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 36 Question 1 Income StatementBalance Sheet Wages paid | 26000 | Answer 37 Question 1 Current AssetNon Current AssetCurrent LiabilityNon Current LiabilityOwners EquityRevenueExpense | Answer 38 Question 1 Income StatementBalance Sheet [/table]Please answer all parts of the question.多项填空题
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