All paper. Good feed back. Thanks anticipated.

Exercise 5. From the adjusted trial balance for Brookstone Art Supplies given below, prepare a multiple-step income statement in good form. Brookstone Art Supplies Adjusted Trial Balance December 31 Credit Debit $9,400 25,000 36,000 900 75,000 $22,000 60,000 Cash Accounts receivable Merchandise inventory Office supplies Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation office equipment Accounts payable Notes payable A. Brookstone, Capital A. Brookstone, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Selling expenses General and administrative expenses Interest expense Totals 15,000 42,000 10,000 110,700 48,000 325,000 6,000 16,500 195,000 32,500 19,800 600 $524,700 $524,700