expense. *Problem 5-12B Classified multiple-step income statement-periodic LO5 CHECK FIGURE: 1. Loss = $28,630 Xcel Information from the March 31, 2020, year-end unadjusted trial balance of The Online Store is as follows: Debit Credit Cash. $ Merchandise inventory. 7,000 39,500 Supplies. 1,600 Prepaid rent. 19,200 Store equipment...... 60,000 Accumulated depreciation, store equipment. $ 14,000 Office equipment...... 23,000 Accumulated depreciation, office equipment 6,500 Accounts payable... 16,000 Lucy Baker, capital. 134,600 Lucy Baker, withdrawals. 34,000 Sales 506,750 Sales returns and allowances. 13,800 Sales discounts Purchases... Purchase returns and allowances. Purchase discounts.. 6,000 346,000 4,600 7,150 Transportation-in Salaries expense (60% selling, 40% office). Rent expense (80% selling space; 20% office space). Advertising expense...... 16,000 58,000 49,000 7,000 Supplies expense (30% selling supplies; 70% office supplies).. Depreciation expense, store equipment. 9,500 -0- -0- Depreciation expense, office equipment Totals........ $689,600 $689,600 Additional information: a. Supplies inventory at year-end, $920. b. The balance in the Prepaid Rent account represents a six-month contract effective November 1, 2019. c. Depreciation on the store equipment, $1,600.