The following adjusted trial balance is prepared at December 31, 2019 for Kahler Company. Kahler Company categorizes the following accounts as selling expenses: Depreciation Expense - Store Equipment, Sales Salaries Expense, Rent Expense - Selling Space, Store Supplies Expense and Advertising Expense. It categorizes any jremaining expenses as general and administrative. [Prepare a multi-step income statement for the year ended December 31, 2019 that begins with gross sales and includes separate categories for net sales, cost of goods sold, gross profit, selling expenses, general and admisitrative expenses and net income (20 Points). 15,000 25,000 20,000 8,000 5,000 45,000 18,000 12,000 54,000 1.000 350,000 Kahler Company Adjusted Trial Balance December 31, 2019 Cash Accounts Receivable Inventory Supplies Prepaid Insurance Store Equipment A/D Store Equipment Accounts Payable Johnson, Capital Johnson, Withdrawals Gross Sales Sales Discounts Sales Returns & Allowances Cost of Goods Sold Depreciation Expense - Store Equipment Sales Salaries Expense Office Salaries Expense Insurance Expense Rent Expense - Selling Space Rent Expense - Office Space Stores Supplies Expense Office Supplies Expense Advertising Expense Totals 12,500 15,000 155,000 9,000 41,500 42,500 2,000 15,000 15,000 2.500 1,500 3,500 434,000 434,000