(Answered) Question - prepare a single-step income statement for burt

Accounting

Question - Prepare a single-step income statement for Burt Co. for the year ended December 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Accounts Payable	$97,200
Accounts Receivable	64,300
Accumulated Depreciation - office Equipment	72,750
Accumulated Depreciation - Store Equipment	162,100
Administrative Expenses	56,500
Common Stock	81,750
Cash	53,000
Cost of Merchandise Sold	121,700
Dividends	52,000
Interest Expense	12,000
Merchandise Inventory	93,250
Note Payable, Due in two years	154,000
Office Equipment	149,750
Prepaid Insurance	6,500
Rent Payable	17,500
Salaries Payable	28,700
Sales	365,500
Selling Expenses	41,500
Store Equipment	325,000
Supplies	4,000

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