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Use the balances below from the Butterbeer Brewery Adjusted Trial Balance to prepare a Multi-Step Income Statement in good form for the company for the

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Use the balances below from the Butterbeer Brewery Adjusted Trial Balance to prepare a Multi-Step Income Statement in good form for the company for the year 2018. Answer in the space on the following page (20 Points.) Butterbeer Brewery Adjusted Trial Balance December 31, 2018 Debit Credit Cash $2,500 Accounts Receivable 800 Prepaid Rent 200 Merchandise Inventory 14,000 Estimated Returns Inventory 450 Accounts Payable $1,300 Salaries Payable 300 Notes Payable (Long Term) 600 Common Stock 4,000 Retained Earnings 1,000 Dividends 750 Net Sales Revenue 53,000 Cost of Goods Sold 21,000 Salaries Expense (Admin Exp) 14,000 Rent Expense (Admin Exp) 2,200 Selling Expense (Selling Exp) 200 Supplies Expense (Selling Exp) 100 450 $1,300 300 600 Estimated Returns Inventory Accounts Payable Salaries Payable Notes Payable (Long Term) Common Stock Retained Earnings Dividends Net Sales Revenue 4,000 1,000 750 53,000 Cost of Goods Sold 21,000 14,000 2,200 2001 Salaries Expense (Admin Exp) Rent Expense (Admin Exp) Selling Expense (Selling Exp) Supplies Expense (Selling Exp) Income Tax Expense Total 100 4,000 $60,200 $60,2001

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