Preparing An Income Statement

Oxmoor Corporation prepared the following adjusted trail balance. $\backslash$table$[[$Account$,$Debit,Credit$],[$Cash$,$$$13,300,],[$Accounts Receivable,$6,700,],[$Prepaid Rent,$54,000,],[$Inventory$,481,400,],[$Long$-$Term Investment,$110,900,],[$Equipment$,88,000,],[$Accumulated

Depreciation,,$$23,700$

Prepare the Income statement for the year ended december $31.$

Prepare a multi$-$step income statement for Oxmoor for the year ended December $31.$

Oxmoor Corporation

Income Statement

For the year ending December $31$

$\backslash$table$[[$Accounts receivable $x,$$$,x$