For alt fill in the blank questions you must show your work to receive credit for the problem 1. Using the following balances to prepare a multi-step income statement for Pepper Antiques for the year ended December 31, 2022 The income statement must be labeled properly and show your work for any calculations for full credit (25 points) Cash $7000 accounts receivable 13,000 merchandise inventory 60,000 Store supplies 1,500 Equipment 45,600 accumulated depreciation equipment 16,600 accounts payable 9,000 salaries payable 2,000 common stock 20,000 retained earnings 59,000 dividends 10,000 sales 332,250 Cost of goods sold 159,900 depreciation expense-store equipment 4,100 depreciation expense-office equipment 1,600 Sales salary expense 30,000 office salary expense 34,000 insurance expense 11,000 Rent expense ( 70% store 30% office) 24,000 Store supplies expense 5750 advertising expense 31,400 1