ages Macros New Arrange Split Window All Vidth Synchrong scrolling 2 Reset Window Position Window Switch Windows Macros WNE Prepare income statement and balance sheet from the following data: S# Title of accounts Debit Credit 1 Merchandise Jan 1 160,000 2 Sales Revenues 750,000 3 Sales discount 20,000 4 Merchandise Dec 31 72,000 5 Purchases 425,000 6 Purchase return 20,000 7 Transportation 12,000 8 Salaries expense 68,000 9 Advertising expense 14,000 10 Misc. expense 11,000 11 Cash 14,000 12 Receivable 19,000 13 Capital 300,000 14 Prepaid rent 7,000 15 office supplies 13,000 16 Accounts payable 17 Notes payable 60,000 18 Drawings 4,000 19 Land 100,000 20 Building 200,000 21 Equipment 68,000 Total 1,207.000 1,207,000 77,000 1 ages Macros New Arrange Split Window All Vidth Synchrong scrolling 2 Reset Window Position Window Switch Windows Macros WNE Prepare income statement and balance sheet from the following data: S# Title of accounts Debit Credit 1 Merchandise Jan 1 160,000 2 Sales Revenues 750,000 3 Sales discount 20,000 4 Merchandise Dec 31 72,000 5 Purchases 425,000 6 Purchase return 20,000 7 Transportation 12,000 8 Salaries expense 68,000 9 Advertising expense 14,000 10 Misc. expense 11,000 11 Cash 14,000 12 Receivable 19,000 13 Capital 300,000 14 Prepaid rent 7,000 15 office supplies 13,000 16 Accounts payable 17 Notes payable 60,000 18 Drawings 4,000 19 Land 100,000 20 Building 200,000 21 Equipment 68,000 Total 1,207.000 1,207,000 77,000 1