After posting the transactions from Part A, you should have the following account balances. Use this information to prepare either a multiple step income statement or a contribution format income statement.

Debit Credit Account Name Raw Materials Cash $33,400 $133,100 $391,800 $14,400 $47,000 $5,100 $12,000 Work in Process Manufacturing Overhead Salaries Expense Rent Expense Advertising Expense Sales Commissions Expense Accumulated Depreciation Depreciation Expense Cost of Goods Sold Sales Revenue $26,000 $21,000 $5,000 $203,600 $519,000