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\begin{tabular}{|c|c|c|} \hline \\ \hline Valdez Fashion & & \\ \hline \multicolumn{3}{|l|}{ 31-Dec-25 } \\ \hline Account Name & \multicolumn{2}{|c|}{\begin{tabular}{c} Adjusted Trial \\ Balance \end{tabular}} \\ \hline & Debit & Credit \\ \hline Cash & $8,700 & \\ \hline Accounts Receivable & 30,700 & \\ \hline Inventory & 44,700 & \\ \hline Supplies & 6,200 & \\ \hline Equipment & 133,000 & \\ \hline Accumulated Depreciation-Equipment & & $28,000 \\ \hline Notes Payable Long Term & & 51,000 \\ \hline Accounts Payable & & 48,500 \\ \hline Common Stock & & 50,000 \\ \hline Retained Earning & & 34,700 \\ \hline Sales Revenue & & 755,200 \\ \hline Sales Returns and Allowances & 8,800 & \\ \hline Cost of Goods Sold & 497,400 & \\ \hline Salaries And Wages Expense & 140,000 & \\ \hline Advertising & 24,400 & \\ \hline Utilities Expense & 14,000 & \\ \hline Maintenance Repairs Expense & 12,100 & \\ \hline Freight-Out & 16,700 & \\ \hline Supplies Expense & 1,200 & \\ \hline Deprecation Expense & 4,500 & \\ \hline Interest Expense & 1,000 & \\ \hline Rent Expense & 24,000 & \\ \hline Totals & 967,400 & 967,400 \\ \hline Extra Credit: & & \\ \hline A. Prepare a Multi Step Income Statement in proper form. & & \\ \hline B. Prepare a Balance Sheet in proper form. (6 points) & & \\ \hline \end{tabular}

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