help please Instructions: Prepare a multiple step income statement for Medlink...
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Instructions: Prepare a multiple step income statement for Medlink Company for the year ended December 31, 2020, using the following accounts. Melding Company 10 11 12 13 16. 17 Interest Expense Loss on sale of building Beginning Inventory Depreciation Expense Ending Inventory Freight out Freight in Gain on sale of equipment Income taxes Insurance Expense Interest Revenue Property Tax Expense Purchase Discounts Purchases Purchases Return and Allowances Rent Expense Salaries and Wages Expense Sales Sales Commission Expense Sales Discounts Sales Return and Allowances Utilities Expense $18,900.00 513,000.00 $458,000.00 $45,000.00 368,000.00 29,500.00 19,000.00 19,300.00 24% 85,600.00 28,000.00 15,900.00 15,000.00 698,000.00 45,000.00 24,000.00 150,000.00 17,500,000.00 12,500.00 54,000.00 965,000.00 85,600.00 18 19 20 21 22 23 24 25 26 27 28 29. 30 31 32
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