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Question 4 (8 marks) The following information was taken from the adjusted trial balance of Lucifer Lighting Inc. at December 31, 2024. All accounts
Question 4 (8 marks) The following information was taken from the adjusted trial balance of Lucifer Lighting Inc. at December 31, 2024. All accounts have normal balances. Accounts payable. Accounts receivable. Accumulated depreciation-Building Advertising expense. Building.. Cash.. $ 52,000 18,700 44,900 38,500 600,000 85,XXX Common shares. 417,500 Cost of goods sold. 410,500 Depreciation expense. 12,000 Freight out.... 22,ZZZ Interest expense. 5,700 Interest income.. 2,000 Dividends income 6,000 Retained earnings, Jan. 1 154,800 Salaries expense. 279,500 Salaries payable 5,200 Sales. 761,300 9,200 Utilities expense. Instructions Use the above information to prepare a multiple-step statement of income for the year ended December 31, 2024.
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