11. FocusMore Inc. had the following list of accounts taken from its adjusted balance sheet on December 31, 2019. Prepare a multistep income statement for the year ended Dec. 31, 2019. Include gross profit but ignore income taxes. Accounts Payable 15000 Accounts Receivable 18000 Accumulated Depreciation Building 26200 Advertising Expense 12800 Building 100000 Common Stock 60000 Cash 15000 Cost of Goods Sold 56500 Depreciation Expense 2000 Utilities Expense 3800 Utilities Payable 1900 Inventory 25000 Land 30000 Prepaid Insurance 4600 Interest Revenue 2500 Retained Earnings (Jan 1. 2019) 58000 Wages Expense 48000 Wages Payable 4600 Sales 150000 Supplies Inventory 1200 Supplies Expense 2000 Preferred Rent Revenue 700