Using the information provided in BE5- 7, prepare a multiple- step income statement for the current year.
In BE-7

Transcribed Image Text:

Cam Corporation Trial Balance (Selected Accounts) For the Year Ended December 31 Debit Account Dividends Sales Dividend Income Interest Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Cost of Goods Sold Office Supplies Expense Sales Salaries Expense Selling Expenses Accounting and Legal Fees-General Expense Advertising Expense Office Salaries Expense Depreciation Expense-General Expense Interest Expense Loss on Asset Impairment Credit 1,345 $123,750 560 1,000 986 2,000 45,678 4,500 3,570 12,000 800 4,000 6,780 9,000 2,100 1,840