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The adjusted trial balance of Cullumber Company for the year ended December 31, 2022, is as follows.

		Debit		Credit
Cash		$36,000
Accounts Receivable		33,000
Inventory		4,000
Equipment		55,000
Allowance for Doubtful Accounts				$1,500
Accumulated DepreciationEquipment				5,500
Notes Payable				3,000
Accounts Payable				15,000
Unearned Service Revenue				6,600
Sales Taxes Payable				3,600
Salaries and Wages Payable				1,800
FICA Taxes Payable				500
Interest Payable				1,400
Bonds Payable				15,000
Mortgage Notes Payable				10,500
Common Stock				17,500
Retained Earnings				14,400
Sales Revenue				219,400
Cost of Goods Sold		122,000
Salaries and Wages Expense		44,000
Depreciation Expense		12,000
Rent Expense		6,000
Bad Debt Expense		2,000
Interest Expense		700
Dividends		300
Discount on Bonds Payable		700
		$315,700		$315,700

The notes payable is due on January 10, 2023, and the mortgage notes payable matures in 2028. A principal payment of $2,000 is due in March 2023.

Prepare a multi-step income statement for the year ending December 31, 2022. CULLUMBER COMPANY Income Statement $ $ $ $ $ >

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