The accounts in April Showers Company's adjusted trial balance as of December 31, 2019 are shown below, with accounts in alphabetical order. All accounts have a normal balance. If a normal balance cannot be determined, the balance is indicated. Use the information provided below to prepare a multiple-step income statement for the year ended December 31, 2019. Enter your answerin the space below on Connect. You may omit the 3-line heading at the top. Accounts payable $75,000 Accounts receivable 165,000 Allowance for doubtful accounts 10.000 Cash 175.000 Common stock (75,000 shares, $1 par) 75,000 Cost of goods sold 450.000 Dividend revenue 8.000 Fair value adjustment-stock 10.000 Debit Income tax expense 45.000 Interest expense 18,721 Interest revenue 32.000 General and administrative expenses 100.000 Land 109,879 21,000 Loss on sale of land 200,000 Merchandise inventory 55,000 Note payable, due 2025 290,000 Paid in capital in excess of par, common stock 150.000 Retained earnings 750,000 Sales 30,000 Sales discounts 75,000 Selling expenses 25,400 realized loss AFS debt 10.000 Unrealized loss-Income Adapted from EX 16-12. Use the following information to prepare Montgomery Company's statement of cash flows for the year ended December 31, 2020 using the Indirect Method. Enter your answer in the space below on Connect. The comparative balance sheet for Montgomery Company for December 31, 2020 and December 31, 2019 reflected the following: Comparative Balance Sheet ncome Statement FYE 12/31/20 12/31/19 Change 12/3120 Assets Sales $45.575 Cash $30.400 $30,550 $150 der Cost of goods sold 18,950 Accounts receivable 10,050 12,150 2100 decr Depreciation expense 7,200 nventory 90,100 70,150 19.950 inch Other oper, expenses 5,550 Equipment 49.900 41,500 8.400 incr Income tax expense 3.375 Accumulated depreciation (22.500) (15.300 7200 Inc Net Income $10,500 Total assets $157,950 $139,050 Liabilities and Stk Equity Accounts payable $23,900 $25,400 $1,500 dece Salaries payable 500 600 100 deci Common stock (no par 110,000 100,000 10,000 incr Retained earnings 23,550 13.050 10.500 inch Total liabilities and stk. equity $157,950 $139,050 Additional information: Stock was issued for cash: No cash dividends were paid; Purchased equipment for cash; no equipment was sold