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Part 3 (Chapter 4 content) 22 Marks The following data is the trattance of Treso Island Games 110 As of December 31, 2020 Treasure Island Games Ltd Trial Balance December 31, 2020 Cash $31.000 Accounts Receivable 30.000 Merchandise Inventory 105 Office Supplies 100 Store Supplies 2302 Prepaid Ront 1 000 Office Equipment 3.000 Accumulated Depreciation Otlice Equipment Store Equipment 9500 Accumulated Depreciation-Store Equipment IN MMCBook Print 5000 May ti pe here to search Store Equpment 9.500 Accumulated Depreciation Store Equipment 530 Accounts Payable 1,3990 Income tax payable 9.000 Notes Payable 10.000 Common shares 3023 Retained earrings, opening balance 75,500 Sales She Cost of goods sold Student 35.000 Office Salaries Expense 300 Rent Exponse 12000 Office Supplies Expense 1 800 Advertising Expense 200 Interest Expense 1,500 Depreciation Expense Income tax expense Totals Sunique touts Sungue foute you Page 4 of 7 Part 3 (continued) Required: Prepare a multi-step Income Statement using income statement accounts only. Work is to be completed on the corresponding sheet in the Excel workbook, using the format provided