$10.$ Good Earth Company has the following select balances at December $31.$

Cost of goods sold

$88,800$

Promotional expenses

$13,000$

Delivery expense

$3,600$

Rent expense $$ office space

$$11,420$

Insurance expense

$240$

Rent expense$$Selling space

$10,500$

Interest expense

$500$

Sales

$225,000$

Loss on sale of equipment

$$4,000$

Sales discounts

$15,200$

Office salaries expense

$22,100$

Sales returns and allowances

$3,900$

Office supplies expense

$790$

Sales staff wages

$22,400$

Prepare a multiple$-$step income statement for the year ended December $31.$

Good Earth Company

Income Statement

For Year Ended December $31$