The following account balances are taken from Harrison Trading Inc. adjusted trial balance at Dec 31, 2020: Debit Credit $1,250,000 $125,000 596,000 40,000 75,000 70,000 Sales revenue (10% cash) Advertising expense Cost of goods sold General and administrative expenses Selling expenses Depreciation expense Interest expense Interest revenue Insurance expense Wages expense Utilities expense Loss from discounted operations 37,000 44,000 10,700 165,000 106,000 40,000 Additional Information and adjustment data: a. On Dec 10,2020, the company declared dividends of $100,000. Payments will be issued in Jan 10, 2021. b. Unearned revenue has been earned, $150,000. C. One month of prepaid rent has expired, $12,000. d. The company uses 5% of closing gross accounts receivable for estimating allowance for uncollectible accounts. O $50,000 and $40,000 respectively. During the year, the company had written off $10,000. e. Income tax rate at 20%. Additional information and adjustment data a. On Dec 10,2020, the company declared dividends of $100,000. Payments will be issued in Jan 10, 2021 b. Unearned revenue has been eamed, 5150,000 c. One month of prepaid rent has expired, 512,000. d. The company uses of doing gross accounts receivable for estimating allowance for uncollectible accounts. On Jan 1, 2020, the beginning balances of Accounts Receivable and Allowance for Doubtful Accounts are $50,000 and $40,000 respectively. During the year, the company had written off $10,000, e income tax rate 20% Instructions 1. Prepare, in good form, a multi-step income Statement for the year ended Dec 31,2020, 2. Cestable in the Answer Key below with 3 Columns and 20 Rows. This is optional. Should you decide not to create a table for completing this question, make sure that the data is property labeled and red in the concours. Any ambiguity will result in mark deduction