Reference no: EM13864250

Multiple-Step Income Statement

Accounts Payable

Accumulated Depreciation - Office Building

Accumulated Depreciation - Office Furniture and Fixtures

Advertising Expense

Allowance for Bad Debts

Bad Debt Expense

Cash

Common Stock, $1 par (10,000 shares outstanding)

Depreciation Expense - Office Building

Depreciation Expense - Office Furniture and Fixtures

Dividend Revenue

Dividends Payable

Dividends Receivable

Extraordinary Gain (net of income taxes)

Federal Unemployment Tax Payable

Freight-In

Goodwill

Income Tax Expense

Income Taxes Payable

Insurance Expense

Interest Expense - Bonds

Interest Expense - Other

Interest Payable

Interest Receivable

Interest Revenue

Inventory - beginning

Inventory - ending

Loss from Discontinued Operations (net of income taxes)

Miscellaneous General Expense

Miscellaneous Selling Expense

Office Salaries Expense

Office Supplies

Office Supplies Expense

Officers' Salaries Expense

Property Taxes Expense

Purchase Discounts

Purchase Returns and Allowances

Purchases

Retained Earnings

Royalties Received in Advance

Royalty Revenue

Salaries and Wages Payable

Sales

Sales Discounts

Sales Returns and Allowances

Sales Salaries and Commissions

Sales Taxes Payable

1) From the list of accounts provided above, prepare a multiple-step income statement in good form showing all appropriate items properly classified, including disclosure of earnings-per-share data. (No monetary amounts are to be reported.)