Bramble Athletic Wear Inc.'s adjusted trial balance amounts (with the exclusion of the adjusting entry to update loventory and Cost of Goods Sold accounts) appear in alphabetical order as follows on December 31, 2021, the end of its fiscal year. Accounts payable $152.830 Inventory, Jan. 1 Accounts receivable $75,330 82.212 Land Accumulated depreciation-buildings 139,500 96,348 Mortgage payable 232,500 Accumulated depreciation-equipment 79,794 Prepaid insurance 4,464 Administrative expenses 336,474 Property tax payable 8,928 Buildings 353.400 Purchases discounts 41,850 Cash 31,620 Purchase returns and allowances 11,904 Common shares 97,650 Purchases 746,976 15,438 Deferred revenue 7,688 Refund liability 14,880 Retained earnings 127,596 Dividends declared 204,600 6,510 Salaries payable Equipment 1,184,820 10,416 Sales Freight in 14,880 29,760 Selling expenses Income tax expense 19.344 Interest expense Additional information: Bramble Athletic Wear uses a periodic inventory system Additional information: 1. Bramble Athletic Wear uses a periodic inventory system 2. A physical inventory count determined that Inventory on December 31, 2021, was $135,036. 3. Of the mortgage payable. $23,250 is due in the next year. 4. Common shares of $46,500 were issued during the year, Prepare a multiple step statement of income for the year. BRAMBLE ATHLETIC WEAR INC. Statement of Income Year Ended December 31, 2021 Sales Cost of Goods Sold Cost of Goods Sold Less Inventory Purchases > Purchase 3.75 / 15 3.75/15 > Net Income/(Loss) e Textbook and Media