Accounts payable $ 25300 Notes Payable $ 30300 Accounts receivable 30500 Owners capital 101,700 Accumulated Depreciation - Equipment 45000 Loss on disposal of Equipment 7500 Cash 51000 Prepaid Insurance 3600 Cost of goods sold 457,000 Property tax Expense 3800 Freight-out 4700 Property taxes payable 2500 Equipment 206300 Rent Expense 22000 Depreciation Expense 13500 Salaries and wages expense 135000 Insurance Expense 850 Sales revenue 965,430 Interest Expense 11050 Sales commissions Expense 17000 Interest revenue 4500 Sales commissions payable 4500 Inventory 29000 Sales returns and allowances 10500 Sales Discounts 5500 Utilities Expense 55000

(a) Prepare a multiple-step Income Statement for the year ended September June 30, 2021