Accounting

The following information is for Built by U Ltd. for the year ended December 31, 2020:

LIST OF ACCOUNTS THAT CAN BE USED IN THE EMPTY BOXES:

• Accounts Receivable
• Administration Expenses
• Advertising Expense
• Architectural activities
• Cash
• Cost of Goods Sold
• Depreciation Expense
• Distribution Expenses
• Dividend Revenue
• Engineering Expenses
• Financing Expenses
• Income Tax Expense
• Insurance Expense
• Interest Expense
• Interest Revenue
• Inventory
• No Entry
• Other Expenses
• Refund Liability
• Rent Expense
• Rent Revenue
• Research and Development Expenses
• Sales and Marketing Expenses
• Sales Revenue
• Selling Expenses
• Service Revenue
• Subscription Revenue
• Supplies Expense
• Unearned Revenue
• Utilities Expense
• Wages Expense
• Warranty Expense
• Warranty Liability

Question 3 View Policies Current Attempt in Progress The following information is for Built by 'U'Ltd. for the year ended December 31, 2020: Cost of goods sold $177,600 Wages expense 5,400 Dividend revenue 2,000 Interest revenue 6,000 Interest expense 6,700 Rent revenue 10,500 Depreciation expense 66,900 Rent expense 5,500 Sales revenue 293,600 Income tax expense 12.300 Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT BUILT BY 'U'LTD. STATEMENT OF INCOME $ $