Question (2): ABC Company prepares adjusting entries at the end of each month. The adjusted trial balance of the company at December 31, 2020 is given below. ACCO De 541 110 se Accounts Receivable Allowance for Doubtful Account Inventory Prepaid Insurance Land Accounts Payable Interest Payable Payroll To Payable We Pay Mortgage Payable Owners investment 2,670 2.200 20.000 1. OO 90 10.000 50.000 11.00 Cost Goods Sod 3.504 Sad Debt conce Expense 200 600 2.340 1 Required: Determine the net income (or net loss) of ABC Company by preparing a Multi-step income statement for the year ended December 31, 2020