Name Financial Accounting Assignment 5-2 Multiple-Step Income Statement This assignment is worth 20 points and will be due on Friday, December 4, 2020. The following accounts and their current balances appear in the General Ledger for Another Company for the fiscal year ended October 31, 2020: 184,500 27,700 18,200 1,900 6,700 4,000 102.000 1.542.000 145,200 210,000 930,000 207,800 52,500 Cash Sales Retums & Allowances Sales Discounts Miscellaneous Admin. Expense Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation- Office Equipment Store Equipment Accumulated Depreciation- Store Equipment Accounts Payable Salaries Payable Notes Payable Common Stock Dividends Sales Accounts Receivable Merchandise Inventory Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense- Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense- Office Equipment Insurance Expense Interest Expense Retained Earnings 15.300 183,600 7,600 1.900 104.900 37,600 41,000 66,700 2,800 67,200 200,000 42.000 15,200 4,600 6,000 364,900 Instructions: 1. Please prepare a multiple-step income statement, using the data listed above. 2. The tax rate on all income is 25%, 3. All of the accounts have "normal balances 4. Some of the accounts will not be used. 5. Rent Expense was paid for a facility used for 20% for administration and 80% for sales