I would really like an explanation on how to find the answered to both requirement 1 and 2!

Homework: Chapter 5 Homework Score: 0 ofl 30 pts P58-40A (similar to) ld 518 2flushed fase8dd Emma ork 2 of 2 (1 complete) Y Data Table -x d trial balance of Thom Account Title Debit Credit statement for the year 7,500 85,100 37,300 200 88,000 or parentheses to show other expenses) nt in the next step Accounts Receivable Merchandise Inventory (beginning) Office Supples Accumulated Depreciation-Furnture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Thomas, Capital Thomas, Withdrawals Sales Revenue S 18,000 28,700 2.900 4,800 37.000 64550 88 .500 388.000 293,000 Purchase Returns and Allowances Purchase Discounts Freight ln Selling Expense Administr aive Expense Interest Expense Total 111,000 7,000 550 42.000 26,400 3.400 671.950 S 671,950 Print Done d then click Check Answer Clear A DELL mas Department Store at December 31, 2018, follows: r ended December 31, 2018. Assume ending Merchandise Inventory is $36,000. (Use a minus sign or parentheses to sho Requirements 1. Prepare Thomas Department Store's multi-step income statement for the year ended December 31, 2018. Assume ending Merchandise Inventory is $36,000. 2. Journalize Thomas Department Store's closing entries Print Done er. Clear All DELL Homework: Chapter 5 Homework Score: 0 ofl 30 pts P58-40A (similar to) ld 518 2flushed fase8dd Emma ork 2 of 2 (1 complete) Y Data Table -x d trial balance of Thom Account Title Debit Credit statement for the year 7,500 85,100 37,300 200 88,000 or parentheses to show other expenses) nt in the next step Accounts Receivable Merchandise Inventory (beginning) Office Supples Accumulated Depreciation-Furnture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Thomas, Capital Thomas, Withdrawals Sales Revenue S 18,000 28,700 2.900 4,800 37.000 64550 88 .500 388.000 293,000 Purchase Returns and Allowances Purchase Discounts Freight ln Selling Expense Administr aive Expense Interest Expense Total 111,000 7,000 550 42.000 26,400 3.400 671.950 S 671,950 Print Done d then click Check Answer Clear A DELL mas Department Store at December 31, 2018, follows: r ended December 31, 2018. Assume ending Merchandise Inventory is $36,000. (Use a minus sign or parentheses to sho Requirements 1. Prepare Thomas Department Store's multi-step income statement for the year ended December 31, 2018. Assume ending Merchandise Inventory is $36,000. 2. Journalize Thomas Department Store's closing entries Print Done er. Clear All DELL