The adjusted trial balance of Ivanhoe Company for the year ended December 31, 2019, is as follows: Debit Credit Cash $6,000 Accounts Receivable 2,900 Notes Receivable 6,400 Inventory 10,200 Equipment 8,000 Allowance for Doubtful Accounts $300 Accumulated DepreciationEquipment 1,400 Notes Payable 1,500 Accounts Payable 600 Common Stock 16,900 Retained Earnings 11,000 Dividends 1,600 Sales Revenue 13,410 Interest Revenue 100 Cost of Goods Sold 7,800 Salary and Wages Expense 1,400 Rent Expense 800 Bad Debt Expense 70 Service Charge Expense 40 $45,210 $45,210

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The adjusted trial balance of Ivanhoe Company for the year ended December 31, 2019, is as follows: Debit Credit $6,000 2,900 6,400 10,200 8,000 Cash Accounts Receivable Notes Receivable Inventory Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Cost of Goods Sold Salary and Wages Expense Rent Expense Bad Debt Expense Service Charge Expense $300 1,400 1,500 600 16,900 11,000 1,600 13,410 100 7,800 1,400 800 70 40 $45,210 $45,210 Prepare a multiple-step income statement. Ivanhoe Company Income Statement In the Year Ended December 31, 2019 Sales Revenue 11690 Cost of Goods Sold 7800 Gross Profit 389 Operating Expenses