prepare a multi-step income statement.

BLUE SPRUCE ENTERPRISES Trial Balance December 31, 2024 Debit Credit Cash $14,500 Accounts receivable 19,300 Merchandise inventory 37.450 Prepaid insurance Supplies Equipment 152,000 Accumulated depreciation-equipnent $36,750 Fumiture 53,000 Accumulated depreciation-furnture Accounts payable Unearned revenue Mortgage payable S. Johnson, capital S. Johnson, drawings Sales 275,000 Sales returns and allowances 2,900 Sales discounts Cost of goods sold Interestexpense 13,305 \begin{tabular}{l|l|l|} Salaries expense & 36,050 \end{tabular} 157,000 7,100 130.000 34,755 Utilities expense 5,300$537,005$537,005 1. There is $790 of supplies on hand on December 31,2024 . 2. The one-year insurance policy was parchased on March 1,2024. 3. Depreciation expense for the year is $10,500 for the equipment and $5,300 for the furniture. 4. Accrued interest expense at December 31, 2024, is $725. 5. Unearned revenue of $965 is stall unearned at December 31,2024 . On the amount that was earned, cost of goods sold was 51,740 . 6. Aphysical count of merchandise inventory indicates $32,700 on hand on December 31,2024. 7. Blue Spruce Enterprises uses the perpetual inventory system and the earnings approach. (a) Your niswer has been saved. See score detais after the due date