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Prepare the statement of income and expenses of a stage of the company Echo, with the following information of the accounts greater than December 31
Prepare the statement of income and expenses of a stage of the company Echo, with the following information of the accounts greater than December 31 of 20xx: Accounts payable = 97,200 Accounts receivable = 64,300 Accumulated depreciation - office = 72,750 Accumulated building depreciation = 162,100 Administrative expenses = 56,500 Echo, capital = 81,750 Cash = 53,000 Cost of goods sold = 121,700 Echos, withdrawals = 52,000 Interest expenses = 12,000 Merchandise Inverter = 93,250 Notes payable = 154,000 Office equipment = 149,750 Prepaid insurance = 6,500 Income for rent = 17,500 Salaries to be paid = 28,700 Sales = 365,500 Sales expenses = 41,500 Team = 325,000 Office supplies = 4,000
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