Prepare the Verification Balance.

The Muebles de la Montaa company has the following transactions in its ledger. Make a multiple - step income statement .

Prepare a single-stage income and expense statement. (single-step income statement)

ACCOUNT	BALANCE	ACCOUNT	BALANCE
Cash	$31,400	Sales	$932,100
Accumulated Depreciation-Bulding	60,000	Account Receivable	37,600
Building	200,000	Note Payable	54,700
Land	92,000	Joe Doe, Capital	217,700
Cost of Merchandise Sold	709,900	Sales Discounts	11,700
Advertising Expense	10,000	Accumulated Dep. Equip.	40,500
Utilities Expense	11,400	Maint. & repair Expenses	13,700
Inventory	70,000	Salaries Expense	51,300
Accounts Payable	17,500	Equipment	83,500

Please put the answers on an excel sheet or in columns like the one above.