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View Policies Current Attempt in Progress The adjusted trial balance of Blue Spruce Wholesale Inc. contained the following accounts at December 31, the company's year end: Credit $76,310 BLUE SPRUCE WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Cash $10,070 Accounts receivable 16,150 Prepaid insurance 1,970 Inventory 85,770 Supplies 5,270 Land 105,370 Buildings 179,580 Accumulated depreciation-buildings Equipment 78,310 Accumulated depreciation-equipment Accounts payable Deferred revenue Refund liability Income tax payable Bank loan payable Common shares Retained earnings Sales Cost of goods sold 661,110 Administrative expenses 72,580 Selling expenses 34,520 Interest expense 10,130 Interest income Income tax expense 14,100 $1,274,930 27,390 46,080 7,910 3,850 2,870 80,520 41,000 116,710 870,330 1,960 $1,274,930 (b) Prepare a multiple-step statement of income. BLUE SPRUCE WHOLESALE INC. Statement of Income (Multiple-step) $ $ List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer Question Part Score --/10