prepare multi step income statement for year ended december 31, 20xx

Davis-Kidd Booksellers Adjusted Trial Balance December 31, 202X Balance Credit Debit 3,500 39,000 16,800 700 30,000 Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Advertising Expense (Selling) Delivery Expense (Selling) Rent Expense (Administrative) Utilities Expense (Administrative Expense) Total 3,900 10,000 1,000 8,000 17.300 16,000 21,000 40,000 180,000 1,500 85,000 35,000 3,000 4,500 1.200 258,700 258,700