Reference no: EM132574800

Question - Anna Company provided the following information for the year 2020

Sales 10,000,000

Merchandise Beginning inventory 2,000,000

Merchandise Ending inventory 1,800,000

Purchases 6,000,000

Freight-in 200,000

Office salaries 600,000

Sales salaries 800,000

Office supplies expenses 150,000

Store supplies expenses 100,000

Depreciation Building 500,000

Depreciation Office equipment 200,000

Depreciation Store equipment 300,000

Sales Return and allowances 120,000

Sales discount 80,000

Purchase return and allowances 140,000

Purchase discount 100,000

Income tax expenses 297,000

Required -

1. Prepare single step income statement.

2. Prepare Multi step income statement.

3. Show your schedule.

4. Do the proper heading.