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The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts receivable $222,600 Accumulated depreciation-equipment 642,180
The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts receivable $222,600 Accumulated depreciation-equipment 642,180 Advertising expense 46,200 Common shares 210,000 Cost of goods sold 984,480 Depreciation expense 105,000 Dividends declared 126,000 Equipment 1,218,000 Freight out 21,000 Income tax expense 58,800 Insurance expense 19,320 Interest expense 52,080 Interest income 25,200 Inventory 81,480 Prepaid expenses 26,040 Rent income 20,160 Retained earnings 449,400 Salaries expense 592,200 Sales 2,175,180 Prepare a multiple-step statement of income. Okanagan Corporation Statement of Income (Multiple-step) $ $ $ $
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