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#5 (2 pts. Using the following accounts and their balances, create a multiple-step income statement for the fiscal year ended December 31, 2012 for Maxine,

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#5 (2 pts. Using the following accounts and their balances, create a multiple-step income statement for the fiscal year ended December 31, 2012 for Maxine, Ltd. Use proper form (see page 193 of your text). Don't worry about classifying operating expenses between selling and general & admin. Net Sales $ 150,000 Salaries expense 10,000 Interest expense 3,000 Depreciation expense 8,000 Advertising expense 6,000 Cost of goods sold 75,000 Interest revenue 1,500 Rent expense 4,000 Supplies expense 6,000 Tax expense 11,000 Maxine Ltd. Multiple-Step Income Statement For the year ended December 31, 2012 Chapter 6

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