2. Make a multi-step income statement for the Dudley Restaurant using the following accounts Multi-Step Income Statement Sales 500000 Office Salaries Expense 10000 Cost of Goods Sold 300000 Insurance Expense 4000 Depreciation Expense- Store Equipment 7000 Rent Expense - Office Space 7000 Sales Salaries Expense 14000 Office Supplies Expense 1000 Rent Expense Selling Space 6000 Interest Revenue 5000 Store Supplies Expense 2000 Gain on Sale of Building 6000 Advertising Expense 3000 Interest Expense -3000 Depreciation Expense - 11000 Office Equipment Gross Profit Operating Expenses Selling Expenses Total Selling Expenses General and Administrative Expenses Total General and Administrative Expenses Total Operating Expenses Income from Operations Other Revenues and Gains (Expenses and Losses) Dudley Restaurant Income Statement For the Year Ended December 31, 2020 Total Other Revenue and Gains (Expenses and Losses) Net Income 3. Use straight-line depreciation to calculate the annual depreciation for equipment that cost 10,000 with a residual value of 2,000 and a useful life of four years (5 points). 4. Use units-of-activity depreciation to calculate the annual depreciation for equipment that cost 20,000 with a residual value 5,000 and is expected to run for 15,000 hours. The machine ran 6,000 hours this year (5 points). 5. Use double-declining balance to calculate the first year of depreciation on a machine that cost 70,000 with a residual value of 20,000 and a useful life of 10 years (5 points). 6. Calculate interest expense for a 100,000, 9%, 60-day note (5 points). 7. Calculate net pay when gross pay was $ 4,000, social security was $ 240, Medicare was $ 50, Federal Income tax was $ 1,200, and the retirement deduction was $ 300 (5 points)