The following is information from Lefebvre Company's adjusted trial balance at December 31, 2014:

Instructions
(a) Prepare a single-step income statement.
(b) Prepare a multiple-step income statement.
(c) Prepare closing entries and a post-closing trial balance.

Transcribed Image Text:

Credit Merchandise inventory Accumulated depreciation-equipment Unearned revenue 2 3 C. Lefebvre, capital C. Lefebvre, drawings Interest revenue 1,980,000 Advertising expense Depreciation expense Insurance expense Sales returns and allowances $2,567,000