Question: P 1 1 . Prepare a ) multi - step income statement, ( b ) a statement of owner's equity, and ( c ) a

P11. Prepare a) multi-step income statement, (b) a statement of owner's equity, and (c) a classified balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustment on December 31,2024, the end of the fiscal year.
Accounts Payable
$ 97,200
Accounts Receivable
64,300
Accumulated Depreciation - Office Equipment
72,750
Accumulated Depreciation - Store Equipment
162,100
Advertising Expense
7,000
Maeve Kooper, Capital
81,750
Cash
53,000
Cost of Merchandise Sold
121,700
Depreciation Expense - Office Equipment
8,300
Depreciation Expense - Store Equipment
4,100
Maeve Kooper, Withdrawal
52,000
Interest Expense
12,000
Merchandise Inventory
93,250
Miscellaneous Administrative Expense
18,900
Note Payable, Due 2040**current portion $14,000
154,000
Office Equipment
149,750
Office Salaries Expense
22,500
Office Supplies Expense
6,800
Prepaid Insurance
6,500
Rent Revenue
17,500
Salaries Payable
28,700
Sales (net)
365,500
Sales Salaries Expense
30,400
Store Equipment
325,000
Supplies
4,000

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