psymon company inc

Required information The following information applies to the questions displayed below, Psymon Company, Inc., sells construction equlpment. The annual fiscal period ends on December 31. The following Part 1 of 2 adjusted trial balance was created from the general ledger accounts on December 31 AccountTitles Debits 51,470 21,600 78,500 59,800 its Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Conmon Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense office Expenses Interest Expense Income Tax Expense Totals points $ 24,800 36,389 188,009 13,489 119.689204,0 20,600 21,6e0 2,990 12,838 Print 387,380 $387,380 Required: 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP Some of the accounts listed wi appear on the balance sheet rather than the income statement. Income Statement For the Year Ended December 31