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Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Operating Income on the

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Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Operating Income" on the Multi- step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period. decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Credit Adjusted Trial Balance December 31, 20xx Accounts Debit Cash $25,503 Accounts Receivable 50,000 Inventory 100,000 Prepaid Rent 4,000 Equipment 150,000 Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock 0 Retained Earnings Dividends 5.000 Revenue Cost of Goods Sold 75.000 Salaries Expense 5.000 Rent Expense 25.000 Insurance Expense 5.000 Depreciation Expense 10.000 Interest Expense 2.000 Income Tax Expense 4.000 Totals $460,503 $ 50,000 25,000 25,000 10.000 50,000 75.000 25.000 50.000 150.503 $460.503

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