Instructions Multiple-Step Income Statement Owner's Equity Statement Balance Sheet Instructions ncome Statement, Statement of Owner's Equity, and Balance Sheet i. Prepare a mutiple step income statenent. 2. Prepare a statement of owner's equity 3. Prepare a balance sheet. ulson's pet Store completed the work sheet below for the year ended December 31, 20-Owner's equity as of January ?, 20, was $22,268. The current portion of Mortgage payable is $530 Paulson's Pet Store Work Sheet For Year Ended December 31, 20 -- AD?USTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET TRIAL BALANCE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT ACCOUNT TITLE DEBIT CREDITDEBIT CREDIT 15,864 2,352 16,470 15,864 2,352 16,470 15,864 Cash Accounts Receivable Merchandise Inventory 2,352 15,022 (b) 16,470 (a) 15,022 Previcus Next 12:13