December 31, 2021 adjusted trial balance

Debit. Credit

Cash. $141920

Account receivable 7510580

Inventory. 2233500

Supplies. 36590

Prepaid rent. 13980

Equipment. 1391000

Accumulate depreciation. $212190

Accounts payable. 3753630

Income tax payable. 111230

Interest payable. 5770

Salaries payable. 134910

Deferred revenue. 88550

Bank loan payable-non current 1154000

Common shares. 567200

Retained earnings. 2414835

Divided declared. $108900

Sales. $21769690

Cost of goods sold. 12467810

Advertising expenses 469380

Depreciation expense 173875

Freight out. 1032750

Office expense. 82370

Rent expenses. 167760

Salaries expenses. 3683510

Travel expense. 47700

Utility expenses. 61660

Interest expenses. 77510

Income tax expense 511210.

Totals. $30212005. $30212005

Prepare multi step income statement for year ended Dec 31, 2021