1. Following is a random list of accounts with normal balances for the Nova Company as of December 31, 2009. All adjusting entries have been made. Closing entries have not been made. Based on the information given below, prepare a multi-step income statement for Nova Company for the year ended December 31, 2009. The inventory as of January 1, and December 31, 2009 were $24,000 and $28,000, respectively. You must prepare the complete multi-step Income Statement using the perpetual method. At the bottom of the form, prepare the Cost of Goods Sold section of the income statement using the periodic method. $18,000 9,000 23,000 6,000 Sales discounts Supplies expense Salary expense Interest expense Sales revenue 285,000 156,000 21,000 160,000 3,000 8,000 8,000 8,000 7,000 14,000 Cost of Goods Sold Insurance expense Net purchases Sales returns and allowances Depreciation expense - building Depreciation expense - equipment Utilities expense Delivery expense Interest revenue