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17 Parte 2 Required information The following information applies to the questions displayed below! Paymon Company, Inc, sells construction equipment. The annual fiscal period ends

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17 Parte 2 Required information The following information applies to the questions displayed below! Paymon Company, Inc, sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31 055 inte Cash $ 59,10 24,00 90,500 67.00 $ 28,100 Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Con Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and was rense Office Expenses Interest Expense Income Tax pense Totals 124, 15,00 238,400 138,000 23,00 24,00 3,700 14,290 5447,400 $447,4 Required: 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP: Some of the accounts listed will appear on the balance sheet rather than the income statement

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