The adjusted trial balance for Tinker Sales is given below. In either Excel or Word, complete a classified, multiple-step income statement in good form that lists the company's net sales, cost of goods sold, and gross profit, as well as the components and amounts of selling and general and administrative expenses

Transcribed Image Text:

Tinker Sales Company Adjusted Trial Balance July 31, 200x Cash Merchandise Inventory $4,200 11,100 Store Supplies Prepaid Insurance Store Equipment Accumulated Depreciation Accounts Payable Betsy Tinker, Capital Betsy Tinker, Drawing Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Depreciation Expense - Store Equipment Salaries Expense Insurance Expense Rent Expense Store Supplies Expense Advertising Expense 1,650 800 41,900 $16,400 9,200 35,000 3,200 104,000 1,000 2,000 37,800 1,400 31,000 1,500 14,000 3,150 2.900 $164.600 Totals $164.600