Fill out a$6$column worksheet and correct the errors highlighted in red

Prepare an income statement using the charts provided in the photos

Prepare a statement of owner's equity

$($from the adjusted trial balance in part$3)$for

the three months ended March$31,2022.$

$($a$)$Use a single$-$step format. List all expenses without differentiating between selling expense and general and administrative expenses.

BUSINESS SOLUTIONS

Income Statement

For Three Months Ended March$31,2022$

Prepare an income statement$($from the adjuste trial balance in part$3)$for the three months end March$31,2022.$

$($b$)$Use a multiple$-$step format that begins with gross sales$($service revenues plus gross produr sales$)$and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categoriz the following accounts as selling expenses: Wa Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative

Prepare a classified balance sheet$($from

the adjusted trial balance$)$as of March$31,$

$($Report Accounts receivable as a

single amount.$)$

Prepare a statement of owner's equity

$($from the adjusted trial balance in part $3)$ for

the three months ended March $31,2022.$

Required $4$A

Required $4$B

Prepare an income statement $($from the adjuste trial balance in part $3)$ for the three months end March $31,2022.($a$)$ Use a single$-$step format. List all expenses without differentiating between selling expense and general and administrative expenses.

Prepare an income statement $($from the adjusted

trial balance in part $3)$ for the three months end

March $31,2022.$

$($b$)$ Use a multiple$-$step format that begins with

gross sales $($service revenues plus gross produr

sales$)$ and includes separate categories for net

sales, cost of goods sold, selling expenses, and

general and administrative expenses. Categoriz

the following accounts as selling expenses: Wa

Expense, Mileage Expense, and Advertising

Expense. Categorize the remaining expenses as

general and administrative.

BUSINESS SOLUTIONS

Income Statement

For Three Months Ended March $31,2022$