Question: Multiple Step Income Statement ( 2 5 points ) Truko , Inc. provided the following partial trial balance for the year ended December 3 1

Multiple Step Income Statement (25 points)Truko, Inc. provided the following partial trial balance for the year ended December 31,2023. Prepare a multi-step income statemernt for the year ended December 31,2023. Truko is subject to a 33% income tax rate.AccountsDividendsSalesDividend IncomeInterest IncomeGain on Disposal of Plant AssetsExtraordinary GainCost of Goods SoldOffice Supplies ExpenseSales Salaries ExpenseSales CommissionsAccounting and Legal Fees-General ExpenseAdvertising ExpenseInterest ExpenseOffice Salaries Expense-Admin. ExpenseDepreciation Expense-General ExpensePartial Trial Balance (Selected Accounts)For the year ended December 31,2023Loss on Discontinued OperationClassified Balance Sheet(25 points)AccountsAccounts PayableAccounts ReceivableAccumulated Depreciation - BuildingsAccumulated Depreciation - Machinery and EquipmentAdditional Paid in Capital-Common StocksAllowance for Doubtful AccountsBuildingsCash Funds for Stock RedemptionCash in banksCash on handClaim for Income Tax RefundCommon Stocks, Sl parEmployee's Income Taxes WithheldIncome Taxes PayableInterest ReceivableInterest PayableTruko, Inc.Merchandise InventoryInvestment Securities (trading)Below is a list of account titles and balances for Zaldo Investment Corporation as of December 31,2023.LandInvestment in Property for speculationMachinery and EquipmentSuppliesNotes Payable (current)Notes Payable (due in 2028)Notes Receivable (current)Preferred Stocks, $5 parPrepaid InsuranceRetained Earnings (debit balance)Salaries and Wages PayableInstructions:Debit$2,46090,1004,5008,39011,2102,4006,66021,48018,6002,5701,840CreditPrepare a properly classified balance sheet as of December 31,2023.$225,4003,8301,45014,8107,270Balance75,900153,100151,700127,000662,00016,500410,00017,50097,3009,1204,50050,0004,78029,200900S,390201,300102,500175,000188,000145,0006,20058,26038,00022,470320,0003,50011,7409,400
Multiple Step Income Statement ( 2 5 points )

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