The account balances and single-step income statement for

Spark's Electrical Supply Spark's Electrical Supply,

Inc., for the year ended

August

31, 2018,

are presented below:

.

Requirement 1. Prepare

Spark's Electrical SupplySpark's Electrical Supply,

Inc.'s multistep income statement.

	Spark's Electrical Supply, Inc.
	Income Statement
	For the Year Ended August 31, 2018

Net income (loss)

   

Revenues: Sales revenue Cost of goods sold Selling expenses General expenses Interest expense Expenses: Spark's Electrical Supply, Inc. Income Statement For the Year Ended August 31, 2018 Total expenses Net income (loss) 60 123,700 37,000 24,500 750 $ 271,600 185,950 85,650 69