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30,200 19,200 224,400 Stockholders Equity 1,807,600 1,837,600 2,062,000 Calculator eBook Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Prescott Inc. for the fiscal year ended September 30, 20Y Retained Earnings (as of Sept. 30, 20Y7) $507,600 Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Store Equipment s 167,000 250,000 7,134,000 4,350,000 777,600 91,800 230,400 Depreciation Expense-Store Equipment 16,600 4,000 154,800 79,800 300,000 Dividends 735,000 Sales 25,000 30,000 24,000 Cost of Goods Sold Sales Salaries Expense Advertising Expense Office Equipment 99,000 Miscellaneous Selling Expense 1,023,000 Office Salaries Expense Accumulated Depreciation- Store Equipment 373,400 67,000 30,200 19,200 108,000 Rent Expense Insurance Expense Depreciation Expense- office Equipment office Supplies Expense Miscellaneous Administrative Expense Accounts Payable Customer Refunds Payable Salaries Payable Note Payable (due evenly over next 5 years) 32,400 3,300 30,000 Interest Expense Common Stock 24,000 Instructions: Next Previous