AutoSave OFF AFC Multiple_Step_Income_Statement_from_Trial_Balance_Corporate Insert Draw Home - Page Layout Formulas Data Review View Tell me Share Comments X G Calibri (Body 11 v AA Wrap Text General 3-I F Paste 1 U = = = Merge & Center of Insert % ? Delete Conditional Format Cell Formatting es Table Styles Format Sort & Filter Find & Select Analyze Data V BS BT BU AV BLU BY BZ CA CH CC CD CE CF C49 fx B C D 1 Name: Fatimah Abdulrahman 2 Your score: 48% The trial balance of the Fatimah Abdulrahman Company as of December 31, 2021 is presented below. Frepare a multipla- stan Income statement for the year ended date of), December 31, 20121. Every yelow cell nequines either an account this or A dolar amount. Use the dropdown list to select the proper account 1Has. Enter a formula for alcolar amounts 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Fatimah Abdulrahman Company Trial Balance December 31, 2021 Debit Crecit Cash $9.500 Accounts receivable 18.000 Merchandise Inwertory FZ 500 Store suppies 2.OCO Store Equipment 56,00 Accumulated depreciation $17.000 ) Accounts payabia 14 IUD Salaries payabia 6000 Camman Shock 61.600 Dividende 20,000 Salas 385.000 Sales discounts 8,000 Sales returns and allowances 18,300 Cast of goods sold 128,000 Depreciation experise - Sore equip. 8,500 Salus salaries experise 25,800 Office salaries expense 34,500 Insurance expense 11,500 Rent expense - Store 17.500 Rent expense office 7.5CO Store supplies expense 6.300 Advertising expense 31.800 Totals $463.5005463.600 Prepare a mutiple-slep income statereril for Falima Abdulraturari Carpany for the year enved December 31, 2021. Remember that seling expenses target the customer, and are expecled to generate audional sales. Administrative expenses are not expected lo genere additional sale. 35 36 37 38 39 40 41 42 43 $385.000 Your fomula is incorrect. Fatimah Abdulrahman Company Income Statement For Year Ended December 31, 2021 Sales Salas discounts $5.000 Salas returns and allowances 18,300 Leta Instructions Multi-Step Ready A Lowroom # - + 100% AutoSave OFF AFC Multiple_Step_Income_Statement_from_Trial_Balance_Corporate Insert Draw Home - Page Layout Formulas Data Review View Tell me Share Comments X G Calibrl (Body) v 11 v AA Wrap Text General 3-I F Paste 1 U A = = = Merge & Center Insert of % ? Delete Conditional Format Cell Formatting es Table Styles Format Sort & Filter Find & Select Analyze Data V C49 fx B C D ES BT RU AV BLU BY BZ CA CH CC CD CE CF 1 Nama: Fatimah Abdulrahman 2 Your score 48% 34 Prepare a mutiple step income statement for Fatimah Abdulrahman Company for the year ended December 31, 2021. 35 Remember that seling expenses target the customer, and are expected to generate additional sales. Administrative 36 expenses are not expected to generate additional sales 37 38 Fatimah Abdulrahman Company 39 Income Statement 40 For Year Ended December 31, 2021 41 Sales $385.000 Your formula is incorrect 42 Selea decounts 43 Sales returns and allowances 18300 44 Net sales 24 300 Your fomula is incorrect. 45 Coat of coods som 46 Gimsa prot 232.700 Your formula is incorrect. 47 Operating expenses 48 Soling expenses 49 Rent expense - Share 50 Salas salaries expense 51 Depreciation expense - Stare equip 52 Advertising expense $6.000 Total soling expenses General and somnistrative expenses Once gelere expense Insurance expense Rent expense of Total general and administrative expenses Total operating expenses Net Income $H9 200 Your formula is incorrect 54 55 56 57 58 59 60 61 G2 63 64 65 66 67 68 69 71 72 73 74 75 76 Instructions Multi-Step + Ready # - + 100%