Noodles Unlimited, Inc. sells swimming pool toys. The following ad Debits Credits Account Titles $37,500 Cash 28,600 Accounts Receivable 43,300 Inventory 2,000 Prepaid Rent 69,000 Equipment Accumulated Depreciation $20,700 8,800 Accounts Payable Unearned Revenue 20,000 Long-term Notes Payable 75,000 Common Stock 31,800 Sales Revenue 175,500 Sales Returns and Allowances 4,700 Sales Discounts 6,000 Cost of Goods Sold 67,700 Salaries and Wages Expense 25,900 Depreciation Expense 13,800 Rent Expense Interest Expense 24,000 Loss on Sale of Investment 1,600 Totals 7,700 $331,800 $331,800 Required: 1. Prepare a multi-step income statement that would be used for internal rep 338 == Graded Worksheet + lation Med