1 of 2 < > View Policies Current Attempt in Progress Presented below is information for Cheyenne Company for the month of March 2020. Cost of goods sold $224,660 Rent expense $32,260 Freight-out 6,640 Sales discounts 8,390 Insurance expense 5,610 Sales returns and allowances 12,440 Salaries and wages expense 58,950 Sales revenue 391,430 -/1 E 0 (a) Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CHEYENNE COMPANY Income Statement For the Month Ended March 31, 2020 Sales Sales Revenue Less : Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit CHEYENNE COMPANY Income Statement For the Month Ended March 31, 2020 Question 1 of 2 Gross Profit < > -/11 Operating Expenses Salaries and Wages Expense Rent Expense Freight-Out Insurance Expense Total Operating Expenses Net Income/(Loss) eTextbook and Media List of Accounts $ Question 2 of 2 < > View Policies -/1 E 1 Current Attempt in Progress In its income statement for the year ended December 31, 2020, Ayayai Company reported the following condensed data. Operating expenses $739,980 Interest revenue $32,880 Cost of goods sold 1,338,300 Interest expense 71,930 Loss on disposal of plant assets Net sales 16,680 2,403,900 Other comprehensive loss 8,600 (a) Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) AYAYAI COMPANY Income Statement For the Year Ended December 31, 2020 @ Question 2 of 2 < > Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Other Revenues and Gains Interest Revenue Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets For the Year Ended December 31, 2020 -/1 = $ S @ Question 2 of 2 < > Other Revenues and Gains Interest Revenue Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Net Income/(Loss) eTextbook and Media List of Accounts $ $ -/1 $ Save for Later Last saved 1 minute ago. Attempts: 0 of 8 used Submit Answer Saved work will be auto-submitted on the due date. Auto