Wholesale Market, Inc. is sells all types of merchandise to retail stores around the country. At the beginning of the current year, Wholesales stockholders' equity balance was $400,000. Most of their sales are on account, and they began the year with a $19,000 credit balance in the Allowance for Doubtful Accounts. The following information summarizes the activity that took place during the year. . Total sales revenue generated was $1,000,000. 80% of their sales are on account (i.e. credit sales) with the remaining 20% cash. Wholesale offers the credit terms 2/10, n/30 on all credit sales. During the current year, 70% of the credit customers took advantage of the discount. Sales returns (all from cash sales) totaled $5,000 during the year. Uncollectible accounts are recorded at 2% of year-end net credit sales. Cost of Goods Sold was 40% of sales revenue. Wholesale acquired 10,000 shares of Marketable Securities during year at a cost of $20 per share. Later in the year, Wholesale sold 7,000 of these shares for $23 per share. At the end of year, the remaining shares had a market value of $25 per share. The income tax rate for the current year is 30%. Other costs incurred during the year were as follows: . Salary Expense Rent Expense Dep Expense Advertising Expense Utilities Expense Supplies Expense Interest Expense 300,000 25,000 12,000 10,000 8,000 5,000 2,000 Required: A) Prepare a multi-step income statement based on the information above. The income statement should include Gross Profit, Operating Income, Income before Tax, and Net Income. B) Based on the information above, determine the end-of-year stockholders' equity balance. List any items included in this total