In Copy BIU BA Es Merge & Center $ % 98-98 Conditional Format as Cell Formatting Table Styles Format Painter Font Cipboard Alignment Styles Number K5 P R D G M N 0 clsefe following accounts to prepare a multiple step income statement of Magaly's Cake LLC for the year.ded December 31, 2018 Valur 55 pts 3 Beginning Inventory $ 375,000.00 4 Depreciation Expense $ 14,000.00 5 Ending Inventory $ 413.000.00 Freight out $ 7,800.00 S 21,000.00 8 Gain on sale of equipment S 10.000,00 Insurance Expense $ 8,500.00 Interest Expense $ 8,900.00 1 Interest Revenue $ 3,600.00 2 Loss on sale of building $ 95,600.00 3 Property Tax Expense $ 15,600.00 4 Purchase Discounts $ 18,900.00 S Purchases $ 680,000.00 6 Purchases Return and Allowances $ 2.000.00 7 Rent Expense $ 3,600,00 8 Salaries and Wages Expense $ 98,500.00 9 Sales S 000.00 - Sales Commission Expense S 12,500.00 21 Sales Discounts $ 4,500.00 2 Sales Return and Allowances $ 12,000.00 3 Utilities Expense $ 15.600.00 5 7 31 3 34 15 36 Sheet1 Ready