IV. P4-3A. Multi-step Income Statements. The adjusted trial balance of Molly Distributors on December 31, 2019, is shown below. Molly Distributors Adjusted Trial Balance December 31, 2019 Cash Accounts receivable Inventory Prepaid insurance Supplies Delivery equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Supplies expense Utilities expense Depreciation expense Insurance expense Income tax expense S 30,000 20,000 80,000 3,000 40,000 95,000 $ 40,000 90,000 100,000 40,000 730,000 200.000 100,000 80,000 9,000 251,000 10,000 50,000 30,000 $1,000,000 $1,000,000 Required Prepare a multiple step Income Statement for Molly Distributors for the calendar year ending December 31, 2019