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PR 1-2A Financial statements OS The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 2045, the end of the year, and its revenue and expenses for the year follow. The capital of James Brewster, owner, was $710,000 on January 1, 2015, the beginning of the year. During the year, James withdrew $41.500, EX 6-25 Multiple-step income statement OBJ. . 4 On March 31, 2014, the balances of the accounts appearing in the ledger of Danns Purnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation--Building $ 419.000 Merchandise Inventory 5 547,000 Administrative Expenses 302,000 Notes Payable 140,000 Building 1.397,000 Office Supplies 11,000 Cash 98,000 Salaries Payable 4,000 Cost of Merchandise Sold 2.123.000 Sales 3.582,000 Interest Expense 6,000 Selling Expenses 400,000 Kathy Melman Capital 887,000 Store Supplies 50,000 Kathy Melman. Drawing 98,000 2. Prepare a multiple-step income statement for the year ended March 31, 2014 OBJ. 3 EX 1-8 Asset, liability, and owner's equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner's equity a accounts receivable e, land b. accounts payable Erent expense c. cash 8. Supplies d. fees camed whe Despatched