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Accumulated amortization, store cash register Advertising expense Amortization expense, office equipment Amortization expense, store cash register Sales Discounts Cash Cost of goods sold Equipment Insurance expense Interest expense Lynne's, capital Lynne's, withdrawals Inventory Notes payable Rent expense, office Rent expense, sales Rent revenue Salaries expense, office Salaries expense, selling Sales 3,500 17,000 7,000 1,800 14,000 216,900 115,000 7,500 1,400 2,100 219,000 15,000 5,000 13,000 12,000 Styles 3,000 303,000 5,000 2,200 405,000 12 United States) Question 1 (25 marks) Lynne's Photography Store has the following trial balance at their year-end, December 31, 2020. Lynne's Photography Store Adjusted Trial Balance For the year ended December 31, 2020 Debit Credit Account Accounts Payable $40,000 Accounts receivable $85,000 10,000 Accumulated amortization, office equipment Accumulated amortization, store cash register 3,000 Advertising expense 3,500 17,000 Amortization expense, office equipment Amortization expense, store cash register 7,000 Sales Discounts 1,800 14,000 Cash 216,900 Cost of goods sold 115,000 Equipment 7,500 Insurance expense 1,400 Interest expense Accessibility: Investigate Text Predictions: On Sales returns and allowances 20,000 Supplies 8,000 Supplies expense, store 5,000 $768,200 $768,200 Required: Prepare a classified, multiple-step income statement in good form for Lynne's Photography Store for their 2020 fiscal year. You can use the word template below if this assists you