The trial balance of Will turner Company as of December 31, 2022 is presented below. Prepare a multiple-step income statement for the year ended (date of), December 31, 2022. 

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Cash Accounts receivable Merchandise inventory Store supplies Store Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Dividends Trial Balance December 31, 2022 Debit Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equip. Sales salaries expense Office salaries expense Insurance expense Rent expense-Store Rent expense office Store supplies expense Advertising expense Totals $18,000 35,000 71,000 3,700 30,000 54,000 7,000 20,800 146,000 13,500 29,200 36,200 13,200 19,200 9,200 8,000 33,600 $607.600 Credit $27,000 28,000 11,000 125,600 416,000 $607.600 Cash Accounts receivable Merchandise inventory Store supplies Store Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Dividends Trial Balance December 31, 2022 Debit Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equip. Sales salaries expense Office salaries expense Insurance expense Rent expense-Store Rent expense office Store supplies expense Advertising expense Totals $18,000 35,000 71,000 3,700 30,000 54,000 7,000 20,800 146,000 13,500 29,200 36,200 13,200 19,200 9,200 8,000 33,600 $607.600 Credit $27,000 28,000 11,000 125,600 416,000 $607.600

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