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Ex. The adjusted trial balance of Albaron Company contained the following information: $610,000CreditDebit Sales Revenue Sales Returns and Allowances $15,000 Sales Discounts 5,000 Cost of

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Ex. The adjusted trial balance of Albaron Company contained the following information: $610,000CreditDebit Sales Revenue Sales Returns and Allowances $15,000 Sales Discounts 5,000 Cost of Goods Sold 200,000 Freight-Out 3,000 Sales office salaries 5,000 Advertising Expense 9,000 Shipping supplies and expense 3,500 OfficersSalariesOfficeSalariesUtilitiesExpense100,00015,00010,000 Depreciation of building Expense 14,000 Stationery, supplies, and postage 2,875 Dividend Revenue 40,000 Rent Revenue 15,000 Interest on bonds and notes 26,000 Income tax 60,000 Total 468,375 Instructions Prepare a multiple-step income statement for the year ended December 31, 2020 using Excel Sheet

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