Psymon Company, Inc, sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31 Account Titles Cash Accounts Receivable Debits Credits 49,310 20,800 75, 500 57,000 Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense 23,900 34,900 104,000 13,000 196,400 114,800 19,800 20,800 2,700 11.490 Office Expenses Income Tax Expense Totals $372,200 $372,200 Required: 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP Some of the accounts listed will appear on the balance sheet rather than the income statement. 11 12 of 15 Next > Required: 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP: Some of the appear on the balance sheet rather than the income statement PSYMON COMPANY, INC. Statement