Prepare a MULTISTEP income statement:

Account title	Ref.	Debit	Credit
Cash		$17,560
Account Receivable		18,065
Supplies		60,500
Building		180,000
Acc. Depreciation-Building			$22,000
Equipment		45,600
Acc. Depreciation-Equipment			5,800
Account Payable			29,200
Salary Payable			3,500
Interest Payable			1,000
Unearned Sales Revenue			7,000
Note Payable, Long Term			85,000
J. Ayala, Capital			180,000
J. Ayala, Withdrawals		5,000
Sales Revenue			150,000
Sales Discounts		6,200
Sales Return and Allowances		7,600
Cost of Goods Sold		102,000
Selling Expense		18,400
General Expense		20,075
Interest Expense		2,500
Total		483,500	483,500