C2 A 1 Name: 2 Your score: fx gregory 0% D E The trial balance of the Gregory Company as of December 31, 2022 is presented below. Prepare a multiple-step income statement for the year ended (date of), December 31, 2022. Every yellow cell requires either an account title or a dollar amount. Use the dropdown list to select the proper account titles. Enter a formula for all dollar amounts. Gregory Company Trial Balance December 31, 2022 10 Debit Credit 11 12 Cash Accounts receivable $10,000 19,000 13 Merchandise inventory 63,000 14 Store supplies 2,100 15 Store Equipment 58,000 16 Accumulated depreciation $17,000 17 Accounts payable 15,000 Salaries payable 6,000 19 Common Stock 65,600 20 Dividends 22,000 21 Sales 368,000 22 Sales discounts 6,000 23 Sales returns and allowances 18,400 24 Cost of goods sold 129,000 25 Depreciation expense - Store equip 8,500 26 Sales salaries expense 25,800 27 Office salaries expense 34,600 28 Insurance expense 11,600 29 Rent expense-Store 30 Rent expense office 17.000 7,600 31 Store supplies expense 33 Advertising expense Totals 6,400 32,000 $471,600 $471,000 34 38 Prepare a multiple-step income statement for Gregory Company for the year ended December 31, 2022. Remember that selling expenses target the customer, and are expected to generate additional sales. Administrative expenses are not expected to generate additional sales. Gregory Company Instructions Multi-Step BS BT C2 fx B C 1 Name: gregory 2 Your score 0% SU Pent experise oficer 31 Store supplies expense 32 Advertising expense 33 Totals 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 7,000 6,400 32,000 $471,600 D E BS E $471,600 Prepare a multiple-step income statement for Gregory Company for the year ended December 31, 2022. Remember that selling expenses target the customer, and are expected to generate additional sales. Administrative expenses are not expected to generate additional sales. Gregory Company Income Statement For Year Ended December 31, 2022 50 $1 $2 53 Operating expenses Selling expenses 54 55 Total selling expenses General and administrative expenses 56 57 58 59 60 Total general and administrative expenses Total operating expenses i 61 62 63 64 65 66 Instructions Multi-Step