now 02 AM Mon N GROUPE ACCT 221 Tania A: How bout we all drop what we got - Jey PLUS hele 1 Stem Announcements TOVDITIS Weygandt, Accounting Principles, 13e CALCULATOR ENT RESOURCES HMWK Thinking 10-01 art Leve ercise 10-lat Level 10-06 Part ubmission 10-13 22 10-10A al-a wel Submission 10-11 al-az vel Submission 261 259 Problem 10-10A al-a3 (Part Level Submission) The adjusted trial balance of Martiner Company for the year ended December 31, 2020, is as follow Debit Credit $ 6,700 Cash 5,000 Accounts Receivable Note Receivable (due February 20, 2021) 1,800 6,200 Inventory 21,000 Timberland 13,600 Land Equipment 36,800 Patents 12,100 Accumulated Depletion $4,400 Allowance for Doubtful Accounts 900 Accumulated Depreciation-Equipment 10,000 Notes Payable (due January 15, 2021) 4,200 Accounts Payable 2,800 Owner's Capital 68,500 Sales Revenue 58,500 Interest Revenue 500 Cost of Goods Sold 24,600 Salaries and Wages Expense 12,300 Depreciation Expense 2,200 Amortization Expense 1,300 Research and Development Expense 1,500 Bad Debt Expense License Expense 500 Interest Expense 1,000 Loss on Disposal of Plant Assets 2,400 Total $149,800 $149,800 sults by Study 800 (a1) Prepare a multiple-step income statement for 2020. Chap 10 HMWR (al) Prepare a multiple-step income statement for 2020. Martinez Company Income Statement For the Month Ended December 31, 2020 58500 Sales Revenue 24600 Cost of Goods Sold 33900 Gross Profit Operating Expenses 12300 Salaries and Wages Expense 2200 Depreciation Expense 1300 Amortization Expense 1500 Research and Development Expense 500 License Expense 1000 Interest Expense 18800 Total Operating Expenses 15100 Income from Operations Other Expenses and Losses 2400 Loss on Disposal of Plant Assets Net Income / (Loss) Net Income / (Loss) Show Work is REQUIRED for this question: Open Show Work nninir hand on the Point