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Problem 2 - Place the following information into a Multistep Income Statement Use dolar signs and double underlines where needed Sales 6 Interest Revenue 7

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Problem 2 - Place the following information into a Multistep Income Statement Use dolar signs and double underlines where needed Sales 6 Interest Revenue 7 Sales Salaries Exp. 8 Selling Utilities and Rent Exp. 99 Selling Misc. Exp. 30 Store Equipment Depreciation 81 Administrative Salaries Exp. 82 Administrative Utilities & Rent Exp. 89 Administrative Misc. Exp. 84 Office Equipment Depreciation 85 Interest Expense 86 Cost of Goods Sold 87 35,000 2,000 5,000 3,000 1,000 200 6,000 2,000 1,000 300 1,000 10,000 Smith Company Income Statement For the Year Ended December 31, 2011 92 95 96 100 304 102 103 104 105 106 107 108 109 110 + 112 193 114 115 116 117

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