Question: How can I start my multi step income statement? Accounts Payable 682,000 Accounts Receivable 652,000 Accrued Liabilities 144,000 Accumulated Depreciation - Building 228,000 Accumulated Depreciation

How can I start my multi step income statement?

Accounts Payable 682,000
Accounts Receivable 652,000
Accrued Liabilities 144,000
Accumulated Depreciation - Building 228,000
Accumulated Depreciation - Equipment 90,000
Administrative expense 1,350,000
Allowance for Doubtful Accounts 38,000
Bond Payable (due 2030) 1,500,000
Buildings 1,560,000
Cash 295,000
Common Stock ($5 par) * 1,500,000
Cost of Goods Sold 7,200,000
Debt Investment (long-term) 448,000
Debt Investment (trading) 230,000
Dividends Payable 204,000
Equipment 900,000
Equity Investment (long-term) 416,000
Franchises 230,000
Gain on Sale 120,000
Goodwill 10,000
Income Tax Expense 00
Interest Expense 317,000
Inventory 895,000
Investment Revenue 95,000
Land 390,000
Note Payable (long-term) 1,350,000
Notes Payable (short-term) 135,000
Paid-in capital in Excess of Par 120,000
Patents 293,000
Retained Earnings (1/1/20) 117,000
Selling Expense 3,000,000
Service Revenue 12,150,000
Treasury Stock 287,000

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