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3. (20 pts) Nixon Company has the following adjusted trial balance at December 31, 2019 Dr. Cr. 10,000 Cash Accounts Receivable Inventory Property, Plant &

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3. (20 pts) Nixon Company has the following adjusted trial balance at December 31, 2019 Dr. Cr. 10,000 Cash Accounts Receivable Inventory Property, Plant & Equipment Operating Expenses Intangibles Interest Expense Cost of Goods Sold Accounts Payable Sales Capital Stock Retained Earnings Interest Revenue Unearned Revenue 24,000 6,000 65,000 15,000 30,000 5,000 70,000 15,000 95,000 50,000 50,000 4,000 225,000 $225,000 Prepare in good format a multi-step income statement for the year of 2019

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