3) The balances on December 31, 2020 are available for Alfa Company: Accounts payable Accounts receivable Accumulated depreciation Retained earnings, December 31, 2019 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 $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 Required: Prepare a multiple-step income statement for the year ended December 31, 2020