Begin by preparing a multi-step income statement for the year ended December 31, 2018. (Use a minus sign or parentheses to show any "Other Expenses". Assume that Bank Expense and Credit Card Expense are considered to be operating expenses.)

Balance Credit Account Title Cash Debit 731,233 $ Petty Cash 300 Accounts Receivable 240,000 Allowance for Bad Debts $ 14,400 18,000 250 Merchandise Inventory Office Supplies Prepaid Insurance Interest Receivable 1,500 6,533 Notes Receivable 280,000 Land 130,000 310,000 10,000 82,500 Building Accumulated Depreciation Building Store Fixtures Accumulated DepreciationStore Fixtures Office Equipment Accumulated DepreciationOffice Equipment 5,500 65,000 26,000 Franchise 45,900 350,000 Accounts Payable Interest Payable 30,000 Notes Payable 300,000 590,000 Balfort, Capital Balfort, Withdrawals Sales Revenue 12,000 2,090,000 16,433 1,112,000 146,300 140,000 Interest Revenue Cost of Goods Sold Franchise Fee Expense Salaries Expense Utilities Expense Insurance Expense Supplies Expense Bad Debt Expense 13,500 1,500 1,404 14,400 1,750 1,650 10,000 Bank Expense Credit Card Expense Depreciation ExpenseBuilding Depreciation ExpenseStore Fixtures Depreciation ExpenseOffice Equipment Amortization ExpenseFranchise Interest Expense 5,500 26,000 5,100 30,000 13 Cash Short and Over $ $ 3,432,333 $ 3,432,333 Total