Question: Current Attempt in Progress The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Credit Debit $74,000 Cash 100,000 Notes receivable


Current Attempt in Progress The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Credit Debit $74,000 Cash 100,000 Notes receivable Merchandise inventory 69,000 Equipment 462,900 $138,870 Accumulated depreciation-equipment Unearned revenue 9,000 Notes payable 188,520 L. Crystal, capital 240,000 L. Crystal, drawings 141,000 Interact OLD L. Crystal, drawings 141,000 Interest revenue 12,000 Rent revenue 25,000 Sales 1,970,000 Advertising expense 54,000 Cost of goods sold 850,000 Depreciation expense 46,290 Freight out 24,000 Insurance expense 14,000 10,900 Interest expense Salaries expense 670,000 Sales discounts 9,300 Sales returns and allowances 58.000 $2,583.390 $2,583,390 nment Question 3 of 6 -13 Salaries expense 670,000 9,300 Sales discounts Sales returns and allowances 58,000 $2,583,390 $2,583,390 (a) Prepare a single-step income statement for the year ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.8. (451) CRYSTAL COMPANY Income Statement
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