Application Question 1 The Surf's Up Store has the following trial balance at their year-end December 31, 2020 The accounts in the balance are sted ALPHABETICALLY The Surf's Up Store Trial Balance December 31, 2020 Account Debit Credit Accounts Payable $38.600 Accounts receivable $90,000 Accumulated depreciation office equipment 28.000 Accumulated depreciation, store equipment 4,000 Advertising expense 5,300 Cash 17.000 Cost of goods sold 136.900 Depreciation expense, office equipment 14.000 MacBook Air C Depreciation expense store equipment 2000 Insurance expense 7.500 Inventory 169.000 Jones, capital 233.000 Jones, withdrawals 7.100 Notes payable 6,800 Office Equipment 95.000 Rent expense, office 7,000 Rent expense, sales 3,000 Rent revenue 2,300 Salaries expense, office 20.500 Salaries expense, sales 22,000 355,000 Sales 3.000 Sales Discounts 18.900 Sales returns and allowances MacBook Air d * 5 6 Salaries expenses 22.000 Isales 355.000 Sales Discounts 3,000 sales returns and allowances 18.900 Store Equipment 20.000 Supplies 27,000 Supplies expense, store 2.500 $667.700 5667,700 On the wor papers provided 1. Use the information above to prepare a classified multiple step income statement in good form for the year ended December 31, 2020 2. Use the information above to prepare the necessary dosing entries for December 31, 2020 Next Previous No new data to save. Last checked at 5:03pm Submit Qulz MacBook Air d S 4 0 > 5