2301 Corp Adjusted Trial Balance Accounts Payable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense $ 6,000 25,000 22,800 19,000 145,000 7,400 2,000 1,000 17,600 300,000 9,600 40,000 ,600 16 Insurance Expense Rent Expense Sales Revenue Sales Discounts Sales Returns and Allowances Prepare a Multistep Income Statement from the information above 1. From the information above for 2301 Corp Income from Operations is equal to a. $60,400 b. $62,400 c. $58,400 d. $52,900
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