Presented below is information for Annie Company for the month of March 2015. Cost of goods sold $245,000 Rent expense $36,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 5,000 Sales returns and allowances 11,000 Salaries and wages expense 63,000 Sales revenue 410,000 Instructions Prepare a multiple-step income statement. Compute the gross profit rate. Agler Company suffers a loss of its inventory on March 28 due to a fire in its warehouse. As a basis for filling a claim with its insurance company. Agler Company developed the following information: March net sales through March 28 $350,000 Beginning Inventory, March 1 100,000 Merchandise purchases through March 28 180,000 The company has experienced an average gross profit rate of 35% in the past and this rate appears to be appropriate in the current period. Instructions Using the gross profit method, prepare an estimate of the cost of the inventory destroyed by fire on March 28. Show all computations in good form. Prepare an income statement, a retained earnings statement, and a balance sheet for the acupuncture practice of Golda Bear, from the items listed below for the month of September, 2015. Retained earnings, September 1 $17,000 Common stock 30,000 Accounts payable $7,000 Equipment 35,000 Service revenue 28,000 Dividends 6,000 Supplies expense 4, 500 Cash 3,000 Utilities expense 700 Supplies 4, 800 Salaries and wages expense 9,000 Accounts receivable 14,000 Rent expense 5,000