1) An adjusted trial balance of Woods Company as of December 31, 2017 is given below. Prepare a multi-step income statement for the year for the company. Credit Debit $15,000 42,000 60,000 15,000 300,000 $3,000 25,000 300,000 26,000 Cash Accounts Receivable Merchandise Inventory Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Utilities Expense Rent Expense Interest Expense Totals 3,000 480,000 6,000 9,000 240,000 15,000 69,000 54,000 6,000 $834.000 $834,000