Part 1. The company Muebles de la Montaa has the following transactions in its ledger. Make a multiple-step income statement. Tax 20%Part 1. The company Muebles de la Montaa has the following transactions in its ledger. Make a multiple-step income statement. Tax 20%.

ACCOUNT BALANCE ACCOUNT BALANCE Cash $75,000 Sales $1,250,000 Accumulated 15,000 Account Receivable 50,000 Depreciation-Truck Building 550,000 Note Payable 45,000 Truck 35,000 Joe Doe, Capital 500,000 Cost of Merchandise 20,000 Sold 650,000 Joe Doe, Drawings Advertising Expense 12,000 Administrative Expense 3,300 Utilities Expense 1,200 Telephone Expense 2,000 Supplies 4,500 Salaries Expense 29,000 Salaries Payable 3,000 Equipment 26,000ACCOUNT BALANCE Sales $ 6,250,750 Interest Expense 1,550 Administrative Expense 10,500 Cost of Merchandise Sold 3,550,000 Advertising Expense 3,500 Rent Revenue 24,000 Merchandise Inventory 7,000,000 Utilities Expense 4,500 Accumulated $18,000 Account Receivable $52,000 Depreciation-Building Building 500,000 Note Payable 54,000 Sales 8,020,000 Joe Doe, Capital 800,000 Cost of Merchandise 1,020,000 Joe Doe, Drawings 18,000 Sold Merchandise Inventory 230,000 Administrative Expense 7,500 Utilities Expense 1,700 Telephone Expense 2,000 Supplies 4,800 Salaries Expense 15,000 Salaries Payable 9,000 Equipment 30,000