multi-step income

QUESTION 4 Not yet answered Marked out of 11.00 F Flag question Multi-step Income Statements The adjusted trial balance of Crane Distributors on December 31, 2013 is shown below. CRANE DISTRIBUTORS Adjusted Trial Balance December 31, 2013 Debit Credit Cash $50,160 Accounts Receivable 363,660 277,200 inventory 7,920 Prepaid insurance Supplies 21,120 Delivery Equipment 264,000 Accumulated Depreciation $115,500 Accounts Payable 231,000 Common Stock 330,000 138,600 Retained Earnings 2,593,140 Sales Revenue Cost of Goods Sold 1,694,220 Salaries Expense 389,400 Rent Expense 132,000 Supplies Expense 27,720 13,200 Utilities Expense Depreciation Expense 52,800 15,840 Insurance Expense 99,000 Income Tax Expense $3,408,240 $3,408,240 Totals