The adjusted trial balance of Ubben Company for the year ended December 31, 2020, is as follows.

		Debit		Credit
Cash		$32,000
Accounts Receivable		30,000
Inventory		9,000
Equipment		50,000
Allowance for Doubtful Accounts				$1,000
Accumulated DepreciationEquipment				4,000
Notes Payable				3,000
Accounts Payable				11,000
Unearned Service Revenue				6,600
Sales Taxes Payable				2,100
Salaries and Wages Payable				1,800
FICA Taxes Payable				500
Interest Payable				400
Bonds Payable				12,000
Mortgage Notes Payable				8,000
Common Stock				15,000
Retained Earnings				12,900
Sales Revenue				220,000
Cost of Goods Sold		120,000
Salaries and Wages Expense		40,000
Depreciation Expense		10,000
Rent Expense		5,000
Bad Debt Expense		1,200
Interest Expense		300
Dividends		200
Discount on Bonds Payable		600
		$298,300		$298,300

The notes payable is due on January 10, 2021, and the mortgage notes payable matures in 2026. A principal payment of $1,000 is due in March 2021.

Prepare a multiple-step income statement for the year ending December 31, 2020.

The adjusted trial balance of Ubben Company for the year ended December 31, 2020, is as follows. Credit Debit $32,000 30,000 9,000 50,000 $1,000 4,000 3,000 11,000 Cash Accounts Receivable Inventory Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable Accounts Payable Unearned Service Revenue Sales Taxes Payable Salaries and Wages Payable FICA Taxes Payable Interest Payable Bonds Payable Mortgage Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Rent Expense Bad Debt Expense Interest Expense Dividends Discount on Bonds Payable 6,600 2.100 1,800 500 400 12,000 8,000 15,000 12.900 220,000 120,000 40,000 10,000 5,000 1,200 300 200 600 $298,300 $298,300 The notes payable is due on January 10, 2021, and the mortgage notes payable matures in 2026. A principal payment of $1,000 is due in March 2021 (21) Prepare a multiple-step income statement for the year ending December 31, 2020. UBBEN COMPANY Income Statement $ $ $ e Textbook and Media List of Accounts