Information from the unadjusted trial balance of Jumbo's on December 31, 2014, the end of the annual accounting period, is as follows:

Required
1. Copy the unadjusted trial balance on a work sheet form and complete the work sheet using the information that follows:
a. A review of the store supplies on December 31, 2014, revealed a balance on hand of $2,000; a similar examination of the office supplies showed that $640 had been used.
b. The balance in the Prepaid Insurance account was reviewed and it was determined that $255 was unused at December 31, 2014.
c. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a resale value at the end of its life of $14,490.
d. Accrued salaries payable, $1,800.
e. A count of the merchandise inventory revealed a balance on hand December 31, 2014, of $33,800.
2. Prepare a multiple-step income statement showing the expenses in detail.
Analysis Component: Explain why Interest Revenue is shown under Other revenues and expenses on the multiple-step income statement.

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Debit Credit 8,100 Accounts receivable.u. Merchandise inventory 22,665 34,600 .. 2,41 Office supplies. Prepaid insurance. 775 3,255 74,490 Equipment Accumulated depreciation, equipment.... 13,655 8,000 168,965 310 Salaries payabl... Sally Fowler, capital... Sally Fowler, withdrawals. Interest revenue Sales... Sales returns and allowances... Cost of goods sold381,160 Salaries expense. Rent expense... Supplies expense.... Depreciation expense, equipment Insurance expense … 62,000 529,000 5,070 96,300 $719,930 $719,930