22. Presented below are the balances, listed in alphabetical order, of Samantha Company, at December 1, 2013: Accounts Payable Accounts Receivable Cash Land Long-term Debt Payable Machinery Merchandise Inventory Note Payable Paid-in Capital 8,100 CL CA . LA 20,700 LA LA 0012 CA 4,000 *7,300 *15,300 VI 31,600 12,200 2,200 39,400 E Below are the transactions for Samantha Company for the month of December 2013: a. b. C. d. Sold inventory to a friend at cost, which was $800. The friend paid in cash. Borrowed an additional $1,300 in notes payable. Collected $1,900 from credit customers. Paid $2,600 of the amount owed on account Prepare a balance sheet as of December 31, 2013, considering the beginning balances and incorporating the effects of the December 2013 transactions. 24. Convert the following single-step income statement for OkW Electric Company into a multiple-step income statement for the year ended December 31, 2016. OKW Electric Company Income Statement For the year ended December 31, 2016 Revenues: Sales Interest Revenue 525.000 3,300 ,5125 271 528,300 Grossp. 254 Expenses: *Cost of Goods Sold Depreciation Expense Income tax Expense Insurance Expense Interest Expense xRent Expense Wage Expense Total Expenses: Net Income 271,000 2,900 56,700 2,100 3,700 4,800 102,000 443,200 85,100 s -of goods sold profit aning expenses prages Rent TO2000 48 -8oo 29 oo Msurance Depreciation rating Income For revenues & expenses trerest revenues rat ortons Tevenues Deelact mierest expense come before income fare Income taxe 3300 3300 3700