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Need help with a multi step accounting problem. Listed below are accounts taken from the income statement and balance sheet of Luthiers Manufacturing (a fine

Need help with a multi step accounting problem.

image text in transcribed Listed below are accounts taken from the income statement and balance sheet of Luthiers Manufacturing (a fine string manufacturing studio) for the year ended December 31, 20XX. The items are in alphabetical order. Prepare a MULTI-STEP income statement and CLASSIFED balance sheet (current assets, investments, PPE, etc) as of December 31, 20XX. AccountNameAccountsPayableAccountsReceivableCashCommonStockCostofGoodssoldDebtInvestments,short-termEquipmentAccumulatedDepreciationEquipmentGoodwillIncomeTaxExpenseIncomeTaxPayableInterestExpenseInventoryMortgagePayableNotesPayable,duein6monthsNotesPayable,duein3yearsRetainedEarnings,asofJanuary1ofcurrentyearSalaries&WagesExpenseSalesRevenueAmount903,600708,800138,300445,8009,311,400374,900902,60035,300198,6005,3757,1001,5001,603,800442,500768,90049,5001,259,6752,874,90012,207,800

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