2) Presented below is information for Annie Company for the month of March 2015 Cost of goods sold $245,000 Rent expenses 36,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 5,000 Sales returns and allowances 11,000 Salaries and wages expense 63.000 Sales revenue 410,000 Instructions Prepare a multiple-step income statement. 3) The adjusted trial balance of Nick Company contained the following information: Debit Credit Sales Revenue 570,000 Sales Retums and Allowances 15,000 Sales Discounts 7,000 Freight-Out 2,000 Advertising Expense 15,000 Interest Expense 18,000 Salaries and Wages Expense 85,000 Utilities Expense 28,000 Depreciation Expense 7.000 Interest Revenue 27,000 Purchases 340,000 Purchase Returns and Allowances 5000 Purchase Discounts 1000 Freight-In 3000 Beginning inventory of 10000 Ending inventory of 24000 Cost of Goods Sold 222222