income tax rate is 28%

Question 5 The adjusted trial balance for Buzzy Co. is shown below. Bury CERET Buzzy Co. Trial Balance 12/31/2019 Cash Debit Credit $70,100 Accounts receivable 36,000 Inventory 153,000 Office supplies 6,050 Prepaid rent 8,350 Equipment 52,500 Accumulated depreciation $18,000 38,100 Accounts payable 40,000 Common stock 182,150 Retained earnings Retained earning Sales Sales returns and allowances 13 000 Gain from sale of Equipment Cost of Goods Sold 2.000 Interest Expense 239 250 Freight out expense 750 2,400 Supplies expense 1,800 Rent expense 18.750 Salaries expense 61,800 $663,750 $663,750 REQUIRED: Prepare a multi-step income statement