Prepare a multi-step income statement for 2012calculate

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Reference no: EM13571182

A. Prepare a multi-step Income Statement for 2012.
B. Calculate retained earnings for the year ended December 31, 2012.

Grooming revenue 130000

Dividends paid 13000

Equipment 40000

Accounts payable 30000

capital stock 22000

Depreciation expense 10000

cash 33000

Salary and wage expense 44000

rent expenese 24000

furniture 60000

accounts recieveable 23000

retained earnings jan 1 2012 21000

notes payable 88000

income tax expense 7000

Reference no: EM13571182

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