1. The following data for the current year ended December 31, 2022, were extracted from the accounting records of Gilbert Co.: Cost of goods sold Advertising expenses Salary expenses Sales Sales Returns Utility expense Supplies expense Depreciation expense I $715,000 85,000 85,000 970,000 20,000 10,000 2,000 12,000 0 Prepare a Multiple-step income statement for the year ended December 31, 2022.

1. The following data for the current year ended December 31,2022 , were extracted from the accounting records of Gilbert Co.: Prepare a Multiple-step income statement for the year ended December 31, 2022