Question 2 [35 points) Northstar Corp. began operations several years ago. Northstar Corp.'s closing entries at January 31, 2014 are shown below. Use this information to prepare a classified multi-step income statement for the year ending January 31, 2014. F General Journal Date Account/Explanation 31/Jan Rent Earned Sales Income Summary Close temporary credit balance accounts Page Gj1 Debit Credit 235,500 380,000 615,500 (select one) Income Statement (select one) X X X X X + + + + + 670,000 31/Jan Income Summary Advertising Expense Cost Of Goods Sold Depreciation Expense, Office Furniture Depreciation Expense, Store Fixtures Insurance Expense Interest Expense Office Supplies Expense Rent expense, office space Rent expense, selling space Sales Discounts Sales Returns and Allowances Store Supplies Expense Close temporary debit balance accounts 104,500 99,000 12.000 15,000 32,000 21,000 88,000 125,500 84,000 9,500 4,500 75,000 54,500 54,500 31/Jan Retained Earnings Income Summary Close income summary 31/Jan Retained Earnings Dividends Close dividends 15,000 15,000 Activate Wind Go to Settings to