Chris's Sporting Equipment Ltd. had the following account balances at the end of December 2024: Cost of goods sold Rent expense Common shares Sales revenue Dividends declared Wages expense Advertising expense Bank loan payable Supplies $27,400 5,700 11,700 64,700 2,500 18,700 1,600 7,700 720

Chris's Sporting Equipment Ltd. had the following account balances at the end of December 2024: Chris's Sporting Equipment Ltd. had the following account balances at the end of December 2024: Prepare a multi-step statement of income for the year ended December 31,2024. (Enter loss using either a negotive sign preceding the number es -45 or parentheses es. (45).)