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8 E BS BT D Name: Fatimah Abdulrahman Your score: 76% The trial balance of the Fatimah Abdulrahman Company as of December 31, 2021 is presented below. Prepare a multiple- step income statement for the year ended (date of), December 31, 2021. Every yellow cell requires either an account title or a dollar amount. Use the dropdown ist to select the proper account titles. Enter a formula for all dollar amounts. Credit $17,000 14,000 6,000 61,600 Fatimah Abdulrahman Company Trial Balance December 31, 2021 Debt Cash $9,500 Accounts receivable 18,000 Merchandise inventory 62,500 Store supplies 2,000 Store Equipment 56,000 Accumulated depreciation Accounts payablo Salarios payable Common Stock Dividends 20,000 Sales Sales discounts 6,000 Sales returns and allowances 18,300 Cost of goods sold 128,000 Depreciation expense - Store equip 8,500 Salos salaries expense 25,600 Office salarios expense 34,500 Insurance exponso 11,500 Ront expenso - Store 17,500 Rent expenso offico 7,500 Store supplies expense 6,300 Advertising expense 31.900 Totals $463,600 365,000 $463,600 Prepare a multiple-stop income statement for Fatimah Abdulrahman Company for the year ended December 31, 2021 Remember that soling expenses target the customer and are expected to generate additional sales, Administrativo expenses are not expected to generate additional sales Prepare a multiple-step income statement for Fatimah Abdulrahman Company for the year ended December 31, 2021. Remember that selling expenses target the customer, and are expected to generate additional sales. Administrative expenses are not expected to generate additional sales. $385,000 Your formula is incorrect. 24,300 Your formula is incorrect. 360 700 Your formula is incorrect. 232.700 Your formula is incorrect. Fatimah Abdulrahman Company Income Statement For Year Ended December 31, 2021 Sales Sales discounts $6,000 Sales returns and allowances 18,300 Net sales Cost of goods sold Gross profit Operating expenses Selling expenses Rent exponso - Store 17.500 Sales salaries expense 25 800 Depreciation expense - Store equip. 8,500 Advertising expense 31.900 Store supplies expense 6.300 Total selling expenses General and administrative expenses Office salaries expenso 34,500 Insurance expense 11500 Rent expense office 7.500 Total general and administrative expenses Total operating expenses Net Income Your formula is incorrect. 53,500 143,500 Your formula is incorrect. $89,200 Your formula is incorrect