ABC Company uses the periodic inventory system to prepare its financial statements. All accounts have been adjusted except for inventory which was last adjusted November 30, 2020 A physica count of inventory on December 31, 2020 indicates that $4,5000 was on hand. A partial listing of adjusted account balances follow Accounts payable 55.250 Accounts receivable 7.000 23.200 Freight in 1.245 Income tax expense 3.935 Inventory, December 1 3,350 Operating expenses Purchase Purchase returns and allowances 350 70.250 Prepare a multiple-step statement of income for ABC Company for December 30, 2020 22.435 33,500 ABC Company uses the periodic inventory system to prepare its financial statements. Al accounts have been adjusted except for inventory which was last adjusted November 30, 2020. Apyuca count of inventory on December 31, 2020 indicates that $45000 was on hand. A partial listing of adjusted account balances follows: Accounts payable $5.250 Accounts receivable 7.000 21.200 Freight in 1.245 Income tax expense 3,935 inventory, December 1 3,350 Operating expenses 22.425 Purchases 33,500 Purchase returns and allowances 350 Sales 70,250 Prepare a multiple step statement of income for ABC Company for December 30, 2020