|Calibri . Alignment Number Form att nal Format as Styles, Co Paste B 1 u. - t Clipboard D Font Styles A2 v | | X V | | is for the year ended December 31, 20X1. 5 Cash 6 Accounts Receivable 7 Inventory 8 Prepaid Rent 9 Equipment $37,500 28,600 43,300 2,000 69,000 $20,700 8,800 20,000 75,000 31,800 175,500 11 Accounts Payable 12 Notes Payable 13 Common Stock 14 Retained Earnings, January 1,20X1 15 Sales Revenue 16 Sales Returns and Allowances 17 Sales Discounts 18 Cost of Goods Sold 1 Salaries Expense 2 Depreciation Expense 21 Rent Expense 22 Interest Expense 4,700 6,000 67,700 25,900 13,800 24,000 23 Loss on Sale of Equipment 24 Totals 1,600 7.700 $331,800 S331,800 25 26 Required: 27 1. Prepare a multistep income statement that would be used for internal reporting purposes. 28 Note: When more than one correct account could appear in a cell, list items in order of largest to .. Sheet1 Attempt(s) 4