Following is a random list of accounts with normal balances for the Lexis Merchandising as of December 31, 2013. All adjusting entries have been made. Closing entries have not been made.
K. Lexis, Capital $159,000
Land 80,000
Sales discounts 18,000
Supplies expense 9,000
Interest revenue 14,000
Mortgage payable 80,000
Cash 22,000
Accounts receivable 34,000
Unearned service revenue 11,000
Salary expense 23,000
Accounts payable 36,000
Accumulated amort.-building 17,000
Equipment 46,000
Prepaid insurance 8,000
Interest expense 6,000
K. Lexis, Withdrawals 15,000
Sales revenue 285,000
Interest receivable 5,000
Inventory 28,000
Accumulated amort.-equipment 12,000
Insurance expense 21,000
Salary payable 6,000
Supplies 4,000
Cost of goods sold 156,000
Sales returns & allowances 13,000
Amortization expense-building 8,000
Amortization expense-equipment 8,000
Interest payable 14,000
Utilities expense 8,000
Delivery expense 7,000
Building 115,000
Prepare a multi-step income statement for Lexis Merchandising for the year ended December 31, 2013.