An alphabetical list of Wildhorses Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. $15,600 Accounts payable Accumulated depreciation-equipment Accumulated depreciation-furniture $42,000 575 14,000 17,500 Cash 29.580 65,750 70,000 25,000 50.800 271,900 Notes payable Prepaid insurance R.Smistad, capital R.Smistad, drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies Cost of goods sold Depreciation expense Equipment Furniture 7,100 35,000 2,250 42,000 472.000 Insurance expense 3,575 16,300 2,100 950 Interest expense Interest payable 555 6,325 Supplies expense Unearned revenue Merchandise inventory 71,050 2,600 Additional information Additional information: 1. Of the notes payable, $6.100 becomes due on February 17,2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $4,200 cash in the business. (21) Prepare a multiple-step income statement (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) WILDHORSE COMPANY Income Statement > $