The following is a partial list of account balances for Fisherman's Supply at December 31, Year 1. Cash Accounts receivable Inventory Supplies Land Accounts payable Common stock Retained earnings Sales Cost of goods sold Salaries expense Utilities expense Other operating expense Gain on sale of land Required: a) Prepare a multistep income statement. Fisherman's Supply Income Statement $89,450 26,800 199,450 4,400 136,800 48,700 304,000 83,050 492,350 400,050 37,050 9,900 32,000 7,800 For the World Ended December 31, Year 1 Operating expenses: Total 0 $ 0 $ 0