Prepare a multistep income statement that would be used for external reporting purposes

Required information [The following information applies to the questions displayed below:] Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: 24,000 87,500 65, 000 $ 27,300 120,000 230,000 23,000 24,000 $432,400 Cash Accounts Receivable nven to ry property and Accumulated Depreciation Ecounts payable Stock Re Earnings Sales Revenue Cost ot Goods Sold salaries and Wages Office Expenses Interest Expense Ince tax Tot s $ 57,750 134,000 3,500 13 650 $432,400 12 40,500 14,600 January Expense < Prev or 15 Next