Cash 78,250 490,350 399,250 Inventory Supplies Land Accounts Payable Common Stock 24,800 197.450 3,600 Retained Earnings Sales Cost of goods sold Salarics expense Utilitics expense 36,250 30,000 47,500 300,000 7,000 Gain on sale of land 25 points From the above information, (using proper form) prepare a Multistep income statement