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Question 3: Following is an alphabetical list of the assets, liabilities, revenues, and expenses of Keykin Inc. Prepare a multi-step income statement for the year

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Question 3: Following is an alphabetical list of the assets, liabilities, revenues, and expenses of Keykin Inc. Prepare a multi-step income statement for the year ended December 31, 2018 Accounts payable Accounts receivable Advertising expense Cash Cost of goods sold Inventory Interest expense $2,800 5,400 3,600 9,100 31,700 7.900 800 Note payable Rent expense Salary expense Salary payable Sales revenue Supplies Utilities expense $4,000 10,200 12.100 900 75,800 1,800 700 Question 4: The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as of December 31, 2018. Prepare a classified balance sheet dated December 31, 2018. Accounts payable Accounts receivable Cash Share capital Equipment $12,200 21,000 21,600 50,600 24,600 Inventory Note payable Retained earnings Salary payable Supplies $23,500 11,000 17,100 2,300 2,500 2

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