furniture and equipment 3960 Cost of sales good 60570 Rental revenue 17230 Selling expense Transportation-out

Prepare a balance sheet at December 31, 2014, for Scott Butler Corporation. (Ignore income taxes). (Multiple Step and single-step) Webster Company ($000omited) Administrate expense Officers’ salaries     4900 Depreciated of office furniture and equipment 3960 Cost of sales good     60570 Rental revenue     17230 Selling expense Transportation-out     2690 Sales Commissions     7980 Depreciation of sales equipment     6480 Sales     96500 Income Tax     9070 Interest Expense     1860 (Instructions) a.     Prepare an income statement for the year 2014 using the multiple-step form. Common shares out-standing for 2014 total 40,550($000 omitted). b.     Prepare an income statement for the year 2014 using the single step form c.     Which one do you prefer? Disuses.