Parker Department Store is located near the Mark Twain Shopping Mall. At the end of the company's fiscal year on December 31, 2021, the following accounts appeared its adjusted trial 1 balance. PREPARE A MULTIPLE STEP INCOME STATEMENT Accounts Payable 73,300
Land 50,000
Accounts Receivable 43,500
Mortgage Payable 62,500
Accumulated Depreciation - Equipmei 52,500
Prepaid Insurance 2,400
Buildings 52,500 Maintenance and Repairs Expense 6,200
Cash 30,000
Retained Earnings 19,200
Common Stock 140,000
Salaries and Wages Expense 111,000 Cost of Goods Sold 412,000
Sales Revenue 626,000
Depreciation Expense 23,400
Salaries and Wages Payable 3,500 Dividends 15,000
Sales Returns and Allowances 8,000 Equipment 100,000
Utilities Expense 11,000
Gain on Disposal of Plant Assets 4,300 Interest Payable 2,000
Income Tax Expense 15,000
Inventory 43,000
Insurance Expense 8,400
Interest Expense 7,000​