How would you do a multiple step income statement for this one?

debit LOGS credit MS Include 2 adjustments: (a) inventory shrinkage, $6.000; (b) depreciation, $5.000. Finish the work sheet. Generate a multiple-step income statement, splitting devit depreciation expense credit acumulated deprecati 50/50 the expenses that relate to the selling expenses AND the general & administrative expenses. Peppy Corporation Work Sheet For the Year Ended December 31 TC Accounts Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr Cr Dr Cr Dr Cr Dr Cr Dr Cash 20,000 29000 20,000 AR 40,000 40,000 40,000 Merchandise Inventory 105,000 |a) 6,000 99,000 99.000 Sales Equipment 120,000 [120,000 120,000 Accumulated Depreciation 65,000 165,000 70,000 10 000 80,000 80,000 z. Peppy, Capital 70,000 70,000 70,000 z. Peppy, W/D 15,000 15.000 15,000 Sales 346,000 346.000 1346,00 Sales Returns & Allowances 5,000 5,000 5,000 Sales Discounts 8,000 8,000 Cost of Goods Sold 160,000 a) 6,000 166,000 166,000 Salaries Expense 36,000 36.000 136,000 Rent Expense 18,000 18,000 18.000 Advertising Expense 9,000 9,000 9,000 Utilities Expense 9,000 9.000 9.000 Freight-Out 6,000 6.000 6.000 Depreciation Expense 10,000 (6)5,000 (15,000 L15,000 Totals 561,000 561,000,000 ,000 side, 000 566,0001272.000 346,0001299.001220.000 ?? net income 174,000 174,000 Totals 1561,000 561,000/11,000/11,000 5lde,ooo 1566,000 346,000/346,000/294,000 294,oool