4) An adjusted trial balance of Meadows Company as of December 31, 2025 is given below. Prepare a multi-step income statement for the year for the company.

	Debit	Credit
Cash	$15,000
Accounts Receivable	42,000
Merchandise Inventory	60,000
Supplies	15,000
Land	300,000
Accounts Payable		$3,000
Notes Payable		25,000
Meadows, Capital		326,000
Meadows, Withdrawals	3,000
Sales Revenue		465,000
Cost of Goods Sold	240,000
Salaries Expense	15,000
Utilities Expense	69,000
Rent Expense	54,000
Interest Expense	6,000	________
Totals	$819,000	$819,000