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CASE NO#1-MULTIPLE STEP INCOME STATEMENT , SINGLE STEP INCOME STATEMENT AND BALANCE SHEET (EXTRACTS)

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in USA. The company furnishes the following accounts data for the year ended, December 31, 2021.

Details	Debit (OMR)	Credit (OMR)
Machinery	250,000
Premises	800,000
Sales		950,000
Sales discounts	50,000
Sales returns and allowances	10,000
Cost of goods sold	315,000
Interest revenue		2,500
Advertising expenses	60,000
Sales salary expenses	31,000
Purchase returns		10,000
Depreciation expenses: Office equipment	27,000
Office supplies expenses	15,000
Insurance expenses	10,000
Bank	100,000
Interest expenses	3,300
Freight outwards	9,000
Rent (50% for administrative expenses)	14,000
Utilities (70% for selling expenses)	4,400
Gain on sale of property		28,800
Loss on lawsuit	2,100
Depreciation expenses: Delivery Truck	2,900
Loss on sale of property	2,100
Electricity Expenses: (80% for selling expenses)	10,600

You are required to:

1. Draw up a Multiple Step Income Statement for the year ended 31 December 2021
2. Draw up a Single Step Income Statement for the year ended 31 December 2021
3. Draw up a Statement of Fiancial Position(extracts) for the year ended 31 December 2021
4. Write a Report on the Financial Performance of the business based on the financial statements prepared.

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this is the original question and no other things. you asked for a trial balance but it is not provided by my teatcher:(. please try to solve it as soon as possible.

CASE NO#1-MULTIPLE STEP INCOME STATEMENT, SINGLE STEP INCOME STATEMENT AND BALANCE SHEET (EXTRACTS) Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in USA. The company furnishes the following accounts data for the year ended, December 31, 2021. Credit (OMR) Debit (OMR) 250,000 800,000 950,000 50,000 10,000 315,000 2,500 60,000 31,000 10,000 Details Machinery Premises Sales Sales discounts Sales returns and allowances Cost of goods sold Interest revenue Advertising expenses Sales salary expenses Purchase returns Depreciation expenses: Office equipment Office supplies expenses Insurance expenses Bank Interest expenses Freight outwards Rent (50% for administrative expenses) Utilities (70% for selling expenses) Gain on sale of property Loss on lawsuit Depreciation expenses: Delivery Truck Loss on sale of property Electricity Expenses: (80% for selling expenses) 27,000 15,000 10,000 100,000 3,300 9,000 14,000 4,400 28,800 2,100 2,900 2,100 10,600 You are required to: (a) Draw up a Multiple Step Income Statement for the year ended 31 December 2021 (b) Draw up a Single Step Income Statement for the year ended 31 December 2021 (c) Draw up a Statement of Fiancial Position(extracts) for the year ended 31 December 2021 (d) Write a Report on the Financial Performance of the business based on the financial statements prepared. CASE NO#1-MULTIPLE STEP INCOME STATEMENT, SINGLE STEP INCOME STATEMENT AND BALANCE SHEET (EXTRACTS) Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in USA. The company furnishes the following accounts data for the year ended, December 31, 2021. Credit (OMR) Debit (OMR) 250,000 800,000 950,000 50,000 10,000 315,000 2,500 60,000 31,000 10,000 Details Machinery Premises Sales Sales discounts Sales returns and allowances Cost of goods sold Interest revenue Advertising expenses Sales salary expenses Purchase returns Depreciation expenses: Office equipment Office supplies expenses Insurance expenses Bank Interest expenses Freight outwards Rent (50% for administrative expenses) Utilities (70% for selling expenses) Gain on sale of property Loss on lawsuit Depreciation expenses: Delivery Truck Loss on sale of property Electricity Expenses: (80% for selling expenses) 27,000 15,000 10,000 100,000 3,300 9,000 14,000 4,400 28,800 2,100 2,900 2,100 10,600 You are required to: (a) Draw up a Multiple Step Income Statement for the year ended 31 December 2021 (b) Draw up a Single Step Income Statement for the year ended 31 December 2021 (c) Draw up a Statement of Fiancial Position(extracts) for the year ended 31 December 2021 (d) Write a Report on the Financial Performance of the business based on the financial statements prepared

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