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Information from the December 31, 2017, year-end, unadjusted trial balance of Woodstock Store is as follows: Debit Credit Cash $ 3,545 Merchandise inventory 31,445 Store

Information from the December 31, 2017, year-end, unadjusted trial balance of Woodstock Store is as follows:

Debit Credit

Cash $ 3,545

Merchandise inventory 31,445

Store supplies 1,760

Office supplies 690

Prepaid insurance 4,005

Store equipment 57,660

Accumulated depreciation, store equipment $ 6,795

Office equipment 13,145

Accumulated depreciation, office equipment 6,595

Accounts payable 4,045

Zen Woodstock, capital 52,045

Zen Woodstock, withdrawals 31,545

Rental revenue 14,645

Sales 501,565

Sales returns and allowances 2,960

Sales discounts 5,235

Purchases 330,955

Purchase returns and allowances 2,185

Purchase discounts 4,770

Transportation-in 3,735

Sales salaries expense 34,755

Rent expense, selling space 24,045

Advertising expense 6,445

Store supplies expense 0

Depreciation expense, store equipment 0

Office salaries expense 27,675

Rent expense, office space 13,045

Office supplies expense 0

Insurance expense 0

Depreciation expense, office equipment 0

Totals $ 592,645 $ 592,645

a. The balance on January 1, 2017, in the Store Supplies account was $507. During the year, $1,253 of store supplies were purchased and debited to the Store Supplies account. A physical count on December 31, 2017, shows an ending balance of $189.

b. The balance on January 1, 2017, in the Office Supplies account was $59. Office supplies of $631 were bought in 2017 and added to the Office Supplies account. An examination of the office supplies at year-end revealed that $608 had been used.

c. The balance in the Prepaid Insurance account represents a policy purchased on September 1, 2017; it was valid for 12 months from that date.

d. The store equipment was originally estimated to have a useful life of 12 years and a residual value of $2,580.

e. When the office equipment was purchased, it was estimated that it would last 5 years and have no residual value.

f. Ending merchandise inventory, 29,900.

Required: Prepare a classified multi-step income statement. (Input all amounts as positive value. Do not round intermediate answer. Round your final answers to nearest whole dollar.)

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