The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2017,...

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The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2017, are as follows. Debit Credit Cash Accounts Receivable Inventory Prepaid Insurance Equipment Owner's Drawings Sales Returns and Allowances 14,500 11,100 29,000 2,500 95,000 12,000 6,700 5,000 363,400 7,600 12,000 56,000 18,000 24,000 9,000 4,500 3,600 Accumulated Depreciation- Equipment Notes Payable Accounts Payable Owner's Capital Sales Revenue 18,000 25,000 10,600 81,000 536,800 2,500 Interest Revenue Sales Discounts Cost of Goods Sold 673,900 Freight-Out Advertising Expense Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Insurance Expense Interest Expense 673,900 Instructions Prepare a multiple-step income statement for Falcetto Company. The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2017, are as follows. Debit Credit Cash Accounts Receivable Inventory Prepaid Insurance Equipment Owner's Drawings Sales Returns and Allowances 14,500 11,100 29,000 2,500 95,000 12,000 6,700 5,000 363,400 7,600 12,000 56,000 18,000 24,000 9,000 4,500 3,600 Accumulated Depreciation- Equipment Notes Payable Accounts Payable Owner's Capital Sales Revenue 18,000 25,000 10,600 81,000 536,800 2,500 Interest Revenue Sales Discounts Cost of Goods Sold 673,900 Freight-Out Advertising Expense Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Insurance Expense Interest Expense 673,900 Instructions Prepare a multiple-step income statement for Falcetto Company.

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