Account Titles DR CR Cash $14,300 Accounts Receivable $5,800 Merchandise Inventory $7,000 Prepaid Expenses $1,700 Store Equipment $40,300 Accumulated Depreciation Equipment $2,600 Accounts Payable $7,000 Unearned Revenue $5,400 Bank Loan $18,000 Halliwell, Capital $32,020 Halliwell, Withdrawals $1,500 Sales Revenue $52,580 Gain on Sale of Equipment $4,200 Cost of Goods Sold $16,900 Advertising Expense $1,200 Depreciation Expense-Equipment $2,600 Interest Expense $900 Office Salaries Expense $4,400 Rent Expense-Retail Space $10,300 Rent Expense-Office Space $5,900 Sales Salaries Expense $9,000 Total $121,800 $121,800 Notes. Assume the balance of owner's equity is the opening balance Required a) Prepare a multi-step income statement Liabilities Current Liabilities Accounts Payable $ 7000