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The adjusted trial balance of Pronghorn Wholesale Inc. contained the following accounts at December 31, the company's year end: Credit $100,490 PRONGHORN WHOLESALE INC. Adjusted
The adjusted trial balance of Pronghorn Wholesale Inc. contained the following accounts at December 31, the company's year end: Credit $100,490 PRONGHORN WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Cash $13,320 Accounts receivable 21,220 Prepaid insurance 2,620 Inventory 112,940 Supplies 6,960 Land 138.780 Buildings 236,520 Accumulated depreciation-buildings Equipment 103,140 Accumulated depreciation equipment Accounts payable Deferred revenue Refund liability Income tax payable Bank loan payable Common shares Retained earnings Sales Cost of goods sold 870,670 Administrative expenses 95,590 Selling expenses 45,440 Interest expense 13,380 Interest income Income tax expense 18.520 $1,679,100 36,100 60,640 10,380 5,020 3,780 106,000 55,170 153,760 1,146,320 2,610 $1,679,100 (b) Prepare a multiple-step statement of income. PRONGHORN WHOLESALE INC. Statement of Income (Multiple-step) $ $
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