2. Use the following Adjusted Trial Balance to prepare the MULTI-STEP INCOME STATEMENT for Stay Company for the Year Ended December 31, 2020. 20 points Stay Safe Company Adjusted Trial Balance December 31 2020 Account Title Cash Accounts Receivable Merchandise Inventory Building Accumulated Depreciation-Building Accounts Payable Unearned Revenue Notes Payable (Long Term) Common Stock Paid in Capital in Excess of Par-Common Retained Earnings Dividends Net Sales Revenue Interest Revenue Cost of Goods Sold Commission Expense (Selling) Utilities Expense (Selling) Balance Debit Credit $18,200 2,100 65,200 120,000 $26,000 4,200 3,700 10,000 50,000 75,000 21,700 6,400 275,800 3,800 94 300 48,200 21.400 Styles 63,200 120,000 $26,000 4,200 3,700 10,000 50,000 75,000 21,700 Merchandise memory Building Accumulated Depreciation Building Accounts Payable Unearned Revenue Notes Payable (Long Term) Common Stock Paid in Capital in Excess of Par-Common Retained Earnings Dividends Net Sales Revenue Interest Revenue Cost of Goods Sold Commission Expense (Selling) Utilities Expense (Selling) Rent Expense (Administrative Salaries Expense (Administrative) Interest Expense Income Tax Expense 6,400 275,800 3,800 94,300 48,200 21.400 63,700 27 600 2,800 3,000 Total $470.200 $470.200 Stay Safe Company Income Statement For the Year Ended December 31, 2020 - Di Focus