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Multi-step Income Statements The adjusted trial balance of Marshall Corporation on December 31, 2013 is shown below. MARSHALL CORPORATION Adjusted Trial Balance December 31, 2013

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Multi-step Income Statements The adjusted trial balance of Marshall Corporation on December 31, 2013 is shown below. MARSHALL CORPORATION Adjusted Trial Balance December 31, 2013 Debit Credit Cash $74,240 Accounts Receivable 152,320 Inventory 139,200 Prepaid Insurance 480 Furniture & Fixtures 51,200 Accumulated Depreciation - furniture & fixtures $10,880 Delivery equipment 104,000 Accumulated depreciation delivery equip. 51,200 Accounts Payable 27,840 Common Stock 320,000 Retained Earnings 95,360 Sales Revenue 584,320 Cost of Goods Sold 343,680 Salaries Expense 147200 Rent Expense 33.280 Utilities Expense 10,880 Insurance Expense 2.400 Depreciabon Expense - Furniture & Fixtures 5,120 Deprecation Expense-Delivery Equipment 20,800 Income Tax Expense 4.800 Totals 51,089,600 $1,089,600 Prepare a multi-step income statement for the year ended December 31, 2013. Combine all the operating expenses into one line on the income statement for sin peneral and med Note: Do not use negative sians with your answers MARSHALL CORPORATION ferome Statement For the Year Ended December 11 Girona ce before

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