PERPETUAL INVENTORY METHOD

Stormy Supply Store Trial Balance 31-Dec-22 $30,000 27,000 50,800 1,500 800 560 128,000 Cash Accounts receivable Merchandise inventory Office supplies Store supplies Prepaid Insurance Building Accumulated depreciation-Building Accounts payable Salaries payable R. Raptor, capital R. Raptor, drawings Sales Sales Returns and Allowances Sales Discount Cost of goods sold Interest Expense Depreciation expense Salaries expense Internet expense Store Supplies expense $38,900 23,000 2,400 98,000 9,700 880,000 26,700 33,900 552,940 3,200 25,600 144,700 2,100 4,800 1,042,300 1,042,300 Required: Prepare a multi-step income statement Note. There are marks for formatting such as $,underlines, section labels. 1 mark will be deducted for each account that does not belong on the statement