Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative. Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative. Complete this question by entering your answers in the tabs below. Prepare an (a) Use a sin. expenses. expenses. In response to requests from customers, S. 'Rey will begin selling computer software. The company will extend credit terms of \\( 1 / 10, n / 30, F O B \\) shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Numbers. 119, 413,414,415, and 502) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow. January 4 The company paid cash-to Lyn Addie for five days' work at the rate of \\( \\$ 185 \\) per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional \\( \\$ 23,600 \\) cash in the company in exchange for more common stock. January 7 The company purchased \\( \\$ 7,300 \\) of merchandise from Kansas Corporation with terms of \\( 1 / 10 \\), n/30, FOB shipping point, invoice dated January 7. January 9 The company received \\( \\$ 2,808 \\) cash from Gomez Company as full payment on its account. Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31,20 (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and ac expenses. Saved (1) Required information March 11 The company paid \\( \\$ 770 \\) cash for minor repairs to the company's computer. March 16 The company received \\( \\$ 5,440 \\) cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of \\( \\$ 4,030 \\) to Harris office Products, consisting of amounts created on December 15 (of \\( \\$ 1,260 \\) ) and March 8. March 24 The company billed Easy Leasing for \\( \\$ 9,067 \\) of computing services provided. March 25 The company sold merchandise with a \\( \\$ 2,132 \\) cost for \\( \\$ 2,930 \\) on credit to wildcat services, invoice dated March 25. March 30 The company sold merchandise with a \\( \\$ 1,158 \\) cost for \\( \\$ 2,280 \\) on credit to IFM Company, invoice dated March 30 . March 31 The company reimbursed Santana Rey \\( \\$ 352 \\) cash for business automobile mileage. The company recorded the reimbursement as \"Mileage Expense.\" The followirf additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals \\( \\$ 2,185 \\). b. Prepaid Insurance coverage of \\( \\$ 672 \\) expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of \\( \\$ 185 \\) per day. d. Prepaid rent of \\( \\$ 2,715 \\) expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is \\( \\$ 1,110 \\). f. Depreciation on the office equipment for January 1 through March 31 is \\( \\$ 290 \\). g. The March 31 amount of merchandise inventory still available totals \\( \\$ 624 \\). Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of - December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. 1 Required information Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative. Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative. Complete this question by entering your answers in the tabs below. Prepare an (a) Use a sin. expenses. expenses. In response to requests from customers, S. 'Rey will begin selling computer software. The company will extend credit terms of \\( 1 / 10, n / 30, F O B \\) shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Numbers. 119, 413,414,415, and 502) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow. January 4 The company paid cash-to Lyn Addie for five days' work at the rate of \\( \\$ 185 \\) per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional \\( \\$ 23,600 \\) cash in the company in exchange for more common stock. January 7 The company purchased \\( \\$ 7,300 \\) of merchandise from Kansas Corporation with terms of \\( 1 / 10 \\), n/30, FOB shipping point, invoice dated January 7. January 9 The company received \\( \\$ 2,808 \\) cash from Gomez Company as full payment on its account. Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31,20 (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and ac expenses. Saved (1) Required information March 11 The company paid \\( \\$ 770 \\) cash for minor repairs to the company's computer. March 16 The company received \\( \\$ 5,440 \\) cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of \\( \\$ 4,030 \\) to Harris office Products, consisting of amounts created on December 15 (of \\( \\$ 1,260 \\) ) and March 8. March 24 The company billed Easy Leasing for \\( \\$ 9,067 \\) of computing services provided. March 25 The company sold merchandise with a \\( \\$ 2,132 \\) cost for \\( \\$ 2,930 \\) on credit to wildcat services, invoice dated March 25. March 30 The company sold merchandise with a \\( \\$ 1,158 \\) cost for \\( \\$ 2,280 \\) on credit to IFM Company, invoice dated March 30 . March 31 The company reimbursed Santana Rey \\( \\$ 352 \\) cash for business automobile mileage. The company recorded the reimbursement as \"Mileage Expense.\" The followirf additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals \\( \\$ 2,185 \\). b. Prepaid Insurance coverage of \\( \\$ 672 \\) expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of \\( \\$ 185 \\) per day. d. Prepaid rent of \\( \\$ 2,715 \\) expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is \\( \\$ 1,110 \\). f. Depreciation on the office equipment for January 1 through March 31 is \\( \\$ 290 \\). g. The March 31 amount of merchandise inventory still available totals \\( \\$ 624 \\). Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of - December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. 1 Required information