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3. Multiple-Step Income Statement (Ch5) Below is a partial listing of the adjusted account balances of Barnett Cabinets at year-end on December 31, 2014: Instructions:

image text in transcribed 3. Multiple-Step Income Statement (Ch5) Below is a partial listing of the adjusted account balances of Barnett Cabinets at year-end on December 31, 2014: Instructions: Using whatever data you believe appropriate, (1) prepare a multiple-step income statement for the Barnett Cabinets for the year ended December 31, 2014. (2) Calculate the profit margin and the gross profit rate. Accu. Dep --- B/S account, contra asset dep Exp. --- I/S, operating exp

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