From the following list of accounts, 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.)
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