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could you please show me how to do this problem? 1 Instructions: Grizzlies and Co, Inc. 2 3 1. Click here to initiate your data.

could you please show me how to do this problem? image text in transcribed
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1 Instructions: Grizzlies and Co, Inc. 2 3 1. Click here to initiate your data. - 2. From the Worksheet columns A and B, identify income 4 statement items. 3. Using the space of Column D and right, prepare a formal 5 multiple-step Income Statement for the year ended December 31, 4. All numbers in the worksheet are before taxes. The company has 6 40% tax rates. 5. The company has 10,000 outstanding share of common stocks at 7 12/31/2017. 6. Your final output looks similar to an exemplary income statement of Illustration 4-2 in your textbook, page 159. (but 8 combine selling expenses and admin expenses into one) Accounts Amount cons Accounts payable Supplies expense Sales discounts Common stock Prepaid insurance Interest expense Cost of goods sold Salaries and wages payable Delivery expense Maintenance and repairs expense Supplies Bad debt expense Sales commissions 11,800 3,200 6,960 38,620 980 4,750 147,430 560 7,240 6,950 1,390 1,020 1,270 Property tax expense Office expenses Trademark 11,430 5,670 1,700 52,410 Cash Depreciation expense Miscellaneous selling expenses Travel expense Dividend revenue Bonds payable Accounts receivable Salaries and wages expense Accumulated depreciation Retained earnings 1,230 4,050 2,080 4,020 7,900 33,370 8,810 4,490 23,540 Gross Sales revenue 268,540 Unearned service revenue 1,760 Equipment 71,230 Sales returns and allowances 6,100 Telephone and Internet expense 3,030

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