As of January 31, the following adjusting entry data is available. 1. A count of baking supplies reveals that none were used in January. 2. Another months worth of depreciation needs to be recorded on the $1,200 of baking equipment bought in November. (Recall that the baking equipment has a useful life of 5 years or 60 months and no salvage value.) 3. An additional months worth of interest on her grandmothers $2,000 loan needs to be accrued. (The interest rate is 6%.) 4. During the month, $110 of insurance has expired. 5. An analysis of the unearned service revenue account reveals that Natalie has not had time to teach any of these lessons this month because she has been so busy selling mixers. As a result, there is no change to the unearned service revenue account. Natalie hopes to complete the remaining lessons in February. 6. An inventory count of mixers at the end of January reveals that Natalie has three mixers remaining. COOKIE CREATIONS Adjusted Trial Balance January 31, 2019 Debit Credit Cash ......................................................................................... $ 2,359 Accounts Receivable .............................................................. 500 Inventory.................................................................................. 1,785 Supplies ................................................................................... 350 Prepaid Insurance ................................................................... 1,100 Equipment................................................................................ 1,200 Accumulated DepreciationEquipment............................... $ 60 Accounts Payable ................................................................... 0 Unearned Service Revenue.................................................... 300 Interest Payable....................................................................... 25 Notes Payable.......................................................................... 2,000 Common Stock........................................................................ 1,800 Retained Earnings................................................................... 1,529 Dividends................................................................................. 750 Sales Revenue......................................................................... 5,750 Cost of Goods Sold................................................................. 2,975 Salaries and Wages Expense................................................. 160 Utilities Expense...................................................................... 70 Depreciation Expense............................................................. 20 Insurance Expense.................................................................. 110 Freight-Out............................................................................... 75 Interest Expense...................................................................... 10 $11,464 $11,464

Instructions Using the information from the previous project and the new information above, (a) Prepare a multiple-step income statement for the month ended January 31, 2019