Problem:1 ASSIGNMENT -5 The following information is available for Marshals for the year ended March 31, 2020: Marshals Trial Balance For the year ended March 31, 2020 Accounts payable $3000 Accounts receivable 7,500 Accumulated amortization, equipment 8,000 Advertising expense 3,500 Sales Discounts Cash Cost of goods sold Equipment Insurance expense 300 1,300 75,000 76,110 250 Interest expense 40 Jen Duncan, capital 32,300 Jen Duncan, withdrawals 1,100 Inventory 2,200 Notes payable* 6,000 Rent expense 160 Rent payable 120 Salaries expense 120 Sales 120,000 Sales returns and allowances 1,500 Supplies 300 40 Supplies expense Prepare a 1. Single step income statement 2. multiple-step income statement.