E5-9 The following is information from Lefebvre Company's adjusted trial balance at December 31, 2014: Debit Credit Cash $ 75,700 Notes receivable 100,000 Merchandise inventory 70,000 Equipment 450,000 Accumulated depreciation-equipment $ 135,000 Unearned revenue 8,000 Notes payable 175,000 C. Lefebvre, capital 235,000 C. Lefebvre, drawings 150,000 Interest revenue 10,000 Rent revenue 24,000 Sales 1,980,000 Advertising expense 55,000 Cost of goods sold 851,500 Depreciation expense 45,000 Freight out 25,000 Insurance expense 15,000 Interest expense 10,500 Salaries expense 650,000 Sales discounts 9,900 Sales returns and allowances 59,400 $2,567,000 $2,567,000 Instructions (a) Prepare a single-step income statement. (b) Prepare a multiple-step income statement. c) Prepare closing entries and a post-closing trial balance