PREPARE A MULTI STEP INCOME STATEMENT FROM INFORMATION BELOW, IF SOMETHING HERE DOESNT BELONG IN THE STATEMENT, THEN JUST IGNORE IT.

Cash 990,000

Common Stock 10,000

Service Revenue 355,000

Accounts Receivable 65,000

Additional Paid in Capital 390,000

Notes Payable 350,000

Interest Expense 29,167

Interest Payable 29,167

Prepaid Rent 24,000

Equipment 76,000

Depreciation 10,000

Accumulated Depreciation 10,000

Supplies 5,000

Unearned Service Revenue 30,000

Misc Expense 50,000

prepaid insurance 12,000

insurance expense 12,000

accounts payable 6,000

unrealized gain in investment 6,000

unrealized gain in bond 7,000

Investment in Pear Inc 16,000

Bond Pear Inc 12,000

Supplies Expense 18,000

Gain on sale of business 40,000

salaries expense 45,000

salaries payable 10,000

dividend 10,000

dividend income 2,000

interest from bond 1,000

TAX RATE IS 21% (NONE OF THE TAX IS PAID, BUT IT IS ACCRUED AS A LIABILITY)