The adjusted trial balance of Cullumber Company for the year ended December 31, 2022, is as follows:

		Debit		Credit
Cash		$ 6,900
Accounts Receivable		2,800
Notes Receivable		7,100
Inventory		9,500
Equipment		8,300
Allowance for Doubtful Accounts				$ 400
Accumulated DepreciationEquipment				1,400
Notes Payable				1,400
Accounts Payable				700
Common Stock				16,800
Retained Earnings				11,500
Dividends		1,700
Sales Revenue				15,000
Interest Revenue				100
Cost of Goods Sold		8,000
Salary and Wages Expense		2,000
Rent Expense		900
Bad Debt Expense		70
Service Charge Expense		30
		$ 47,300		$ 47,300

(a1)

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Prepare a multiple-step income statement.

Cullumber Company Income Statement Choose the accounting period. December 31, 2022In the Year Ended December 31, 2022In the Month Ended December 31, 2022
select an opening name for section one				$ Enter a dollar amount
Enter an income statement item				Enter a dollar amount
Select a closing name for section one Net Income / (Loss)Income Before Income TaxOperating ExpensesRetained Earnings January 1, 2022DividendsTotal Operating ExpensesRetained Earnings, December 31, 2022Income From OperationsOther Revenues and GainsGross Profit				Enter a total amount for section one
Select an opening name for section two Net Income / (Loss)Income From OperationsOther Revenues and GainsTotal Operating ExpensesIncome Before Income TaxDividendsRetained Earnings, December 31, 2022Retained Earnings January 1, 2022Gross ProfitOperating Expenses
Enter an income statement item		$ Enter a dollar amount
Enter an income statement item		Enter a dollar amount
Enter an income statement item		Enter a dollar amount
Enter an income statement item		Enter a dollar amount
Select a closing name for section two Income From OperationsNet Income / (Loss)Retained Earnings January 1, 2022DividendsIncome Before Income TaxOther Revenues and GainsTotal Operating ExpensesGross ProfitRetained Earnings, December 31, 2022Operating Expenses				Enter a total amount for section two
Select a summarizing line for the first part Gross ProfitIncome Before Income TaxRetained Earnings January 1, 2022Retained Earnings, December 31, 2022Other Revenues and GainsNet Income / (Loss)Operating ExpensesTotal Operating ExpensesDividendsIncome From Operations				Enter a dollar amount
Select an opening name for section three Retained Earnings January 1, 2022Income Before Income TaxDividendsNet Income / (Loss)Gross ProfitOperating ExpensesOther Revenues and GainsTotal Operating ExpensesRetained Earnings, December 31, 2022Income From Operations
Enter an income statement item				Enter a dollar amount
Select a closing name for this statement Net Income / (Loss)Income Before Income TaxGross ProfitIncome From OperationsOther Revenues and GainsTotal Operating ExpensesDividendsOperating ExpensesRetained Earnings January 1, 2022Retained Earnings, December 31, 2022				$ Enter a total net income or loss amount

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Prepare a retained earnings statement. (List items that increase retained earnings first.)

Cullumber Company Retained Earnings Statement Choose the accounting period December 31, 2022In the Month Ended December 31, 2022In the Year Ended December 31, 2022
select an opening name Income Before Income TaxIncome From OperationsGross ProfitNet Income / (Loss)Other Revenues and GainsOperating ExpensesTotal Operating ExpensesRetained Earnings January 1, 2022Retained Earnings, December 31, 2022Dividends		$ Enter a dollar amount
Select between addition and deduction AddLess: Select an item Retained Earnings January 1, 2022Operating ExpensesDividendsOther Revenues and GainsGross ProfitNet Income / (Loss)Income From OperationsRetained Earnings, December 31, 2022Income Before Income TaxTotal Operating Expenses		Enter a dollar amount
		Enter a subtotal for 2 previous amounts
Select between addition and deduction AddLess: Select an item Retained Earnings, December 31, 2022Income From OperationsOther Revenues and GainsGross ProfitRetained Earnings January 1, 2022Net Income / (Loss)Income Before Income TaxOperating ExpensesDividendsTotal Operating Expenses		Enter a dollar amount
Select a closing name Operating ExpensesOther Revenues and GainsDividendsNet Income / (Loss)Total Operating ExpensesRetained Earnings January 1, 2022Income From OperationsIncome Before Income TaxRetained Earnings, December 31, 2022Gross Profit		$ Enter a total amount