3) The balances on December 31, 2015 are available for Matthew Company: $2,550 3,550 6,250 6,450 2,300 52,300 2,500 8,800 29,000 10,700 1,150 6,250 11,500 4,450 350 4,000 120,000 41,900 3,000 Accounts payable Accounts receivable Accumulated depreciation Retained earnings, December 31, 2014 Cash Cost of goods sold Depreciation expense Dividends declared Equipment Income tax expense Interest expense Inventory Long-term notes payable Paid-in capital Prepaid rent Rent expense Sales Wage expense Wages payable Required: Prepare a multiple-step income statement for the year ended December 31, 2015