V's Violins has the following adjusted trial balance for December 31st, 2022: Debits Credits Cash 75,000...

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V's Violins has the following adjusted trial balance for December 31st, 2022: Debits Credits Cash 75,000 Notes Receivable 100,000 Inventory 70,000 Equipment 450,000 Acc. Dep. Equipment 135,000 Unearned Revenue 8,000 Notes Payable 165,000 Mr. V Capital Mr. V Drawings Interest Revenue 427,000 150,000 15,000 Rent Revenue 35,000 Sales 1,950,000 Sales Discounts 20,000 Sales Returns and Allowances 65,000 Cost of Goods Sold 1,000,000 Advertising Expense 55,000 Depreciation Expense Freight out Insurance Expense Interest Expense 45,000 25,000 15,000 15,000 Salaries Expense 650,000 2,735,000 2,735,000 Totals Instructions: a) Prepare a single step income statement b) Prepare a Multi-step income statement c) Prepare closing entries and a post-closing trial balance V's Violins has the following adjusted trial balance for December 31st, 2022: Debits Credits Cash 75,000 Notes Receivable 100,000 Inventory 70,000 Equipment 450,000 Acc. Dep. Equipment 135,000 Unearned Revenue 8,000 Notes Payable 165,000 Mr. V Capital Mr. V Drawings Interest Revenue 427,000 150,000 15,000 Rent Revenue 35,000 Sales 1,950,000 Sales Discounts 20,000 Sales Returns and Allowances 65,000 Cost of Goods Sold 1,000,000 Advertising Expense 55,000 Depreciation Expense Freight out Insurance Expense Interest Expense 45,000 25,000 15,000 15,000 Salaries Expense 650,000 2,735,000 2,735,000 Totals Instructions: a) Prepare a single step income statement b) Prepare a Multi-step income statement c) Prepare closing entries and a post-closing trial balance