The account balances for the year ended December 31, 2018, for Northeast, Inc., are listed next: (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare Northeast, Inc.'s multistep income statement. Northeast, Inc. Income Statement For the Year Ended December 31, 2018 Data table Sales revenue $ 350,000 Cost of goods sold $ 134,700 Equipment 140,000 Accumulated depreciation, equipment 89,700 Accounts payable 18,800 Unearned sales revenue 2,500 Estimated inventory returns 3,000 Prepaid rent 7,000 Advertising expense 13,300 Office salaries expense (General) 45,000 Interest expense 900 Accumulated depreciation, building 47,600 Salaries payable 1,100 Utilities expense (General) 4,500 Accounts receivable 7,200 Dividends 11,000 Building 185,000 Cash 7,800 Estimated refund liability 5,300 Retained earnings, 12/31/2017 8,300 Common stock 70,000 Delivery expense 1,100 Depreciation expense (General) 9,000 Insurance expense (General) 9,500 Inventory 18,600 Mortgage payable (long-term) 37,000 Commission expense 31,500 Supplies 1,200 Print Done