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The work sheet for Segura Corporation is shown below. Complete the classified multi-step income statement on the right. Balance Sheet and Statement of Changes

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The work sheet for Segura Corporation is shown below. Complete the classified multi-step income statement on the right. Balance Sheet and Statement of Changes in Equity Income Statement Debit Credit Debit Segura Corporation Income Statement For the year ended December 31, 2014 Accumulated Depreciation, Office Equipment Accumulated Depreciation, Store Fixtures Cost Of Goods Sold Depreciation Expense, Office Equipment Depreciation Expense, Store Fixtures Dividends Income Taxes Expense Income Taxes Payable Interest Expense Liabilities Merchandise Inventory. Credit 49,500 68,500 116,500 14,000 15,000 20,500 20,800 + 20,800 35,000 272,000 185,500 Office Equipment 386,000 Office Salaries Expense 142,500 X A Rent expense, office space 78,500 Net sales Gross profit from sales Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses.. Other revenues and expenses Rent expense, selling space 76,000 Rent revenue 272,500 Income before tax 145,500 Retained Earnings Sales 525,000 Sales Discounts 35,000 Sales Returns and Allowances 21,500 Sales Salaries Expense 159,500 Share Capital Store Fixtures Totals Net Income Totals 56,000 103,500 714,300 797,500 695,500 83,200 612,300 83,200 797,500 797,500 695,500 695,500

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