1. Prepare a single step income statement. 2. Prepare a retained earnings statement. 3. Prepare a balance assuming note payable is $7,000. 4. Explain how mulinans single step differ.

April 24. 30. Bird Company paid Swan Company on account for purchase of Instructions d (2) Bird Company. Journalize the April transactions for (1) Swan Company a Obi.3 -5Multiple-step income statement and balance sheet 1. Net income: The foll $1,340,000 for the owing selected accounts and their current balances appear in the ledger of Kanpur Co fiscal year ended June 30, 2018: Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-- 92,000 Retained Earnings 450,000 Dividends 370,000 Sales $ 381,000 300,000 8,925,000 5,620,000 850,000 420,000 E GENERAL LEDGER 5,000Cost of Goods Sold 10,000 Sales Salaries Expense 12,000 Advertising Expense 220,000 Depreciation Expense- 33,000 Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense- 18,000 540,000 48,000 24,000 Office Equipment Store Equipment Accumulated Depreciation- 58,000 650,000 Store Equipment Accounts Payable Customers Refunds Payable Salaries Payable Note Payable 87,500 38,500 10,000 4,000 Office Equipment Office Supplies Expense Miscellaneous Administrative 10,000 4,000 (final payment due 2034) Common Stock 140,000 50,000 Exp. Interest Expense 6,000 12,000