5. Below is the trial balance for Logan, Inc. for the year ended December 31, 201x. Prepare a multiplestep income statement in good form (proper format). (Check: Net income is greater than $40,000. (6 points) Logan, lne. Adjusted Trial Balance December 31, 2011 Debit Credit Cash $9,4{I} Aecounts receivable 25,0[I} Merchandise inventory 36ml} Ofce supplies 900 Store equipment 71ml} Accumulated depreciationstore equipment Ofce equipment Hull} Accumulated depreciationofce equipment Aecouuts payable Notes payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowanees Cost of goods sold Selling expenses General and administrative expenses Interest expense Totals