Question: MULTI-STEP INCOME STATEMENT Use the adjusted TB below to prepare an Income Statement in the MULTI-STEP format. STEP by STEP Inc Adjusted Trial Balance For

 MULTI-STEP INCOME STATEMENT Use the adjusted TB below to prepare an

MULTI-STEP INCOME STATEMENT Use the adjusted TB below to prepare an Income Statement in the MULTI-STEP format. STEP by STEP Inc Adjusted Trial Balance For the month ending March 31, 2021 ACCOUNT DR CR Cash $20 B Accounts Receivable Prepaid Expenses 12 30 Inventory Accounts Payable $8 Unearned Revenue 2 Loan Payable 25 10 Common Stock un Retained Earnings Dividends 10 Sales 310 Sales Discounts 2 Sales Returns & Allow 8 COGS 150 50 G&A expenses Selling expenses 60 8 Interest expense Loss on sale of equipment 2 Totals $360 $360 Prepare a Multi - Step Income Statement in good form) for STEP by STEP Inc for the month of March 2021. You may enter your Net Income result for preliminary scoring Your statement MUST BE INCLUDED IN YOUR PDF UPLOAD. Correct answers in Canvas with out an upload will not count Net Income is $

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