Laurence Model Photography Studio has the following trial balance at their year end, March 31, 2020. Debit Crede $30,000 $75,000 9,000 4.000 Model Photography Studio Trial balance March 31, 2020 Account Accounts payable Accounts receivable Accumulated depreciation, office equipment Accumulated depreciation, store cash registrar Advertising expense Depreciation expense, office equipment Depreciation expense, store cash registrar Sales discounts Cash Cost of goods sold Equipment Insurance expense Interest expense Laurence, Capital Laurence, Withdrawal Inventory Note payable Rent expense, office Rent expense, sales Rent revenue Salary expense, office Salary expense, sales Sales Sales returns and allowances Supply Supply expense, store Totals 2.500 18,000 8,000 800 13,000 217,900 120,000 2,500 400 302,000 1,100 220,000 6.000 16,000 4,000 1.200 12,000 13,000 400,000 15.000 9.000 4.000 $752,200 $752.200 Required Prepare a classified multiple-step income statement in good form for the Model Photography Studio for their 2020 fiscal year. Dans 7 AR