2. The adjusted trial balance of Cochrane Company includes the following accounts: Sales Sales Returns and Allowances Cost of Goods Sold Salaries Expense Advertising Expense Rent Expense Freight-out Utilities Expense Depreciation Expense Interest Revenue Loss Due to Vandalism Debit Credit $595,000 $ 47,000 371,400 47,000 10,000 18,000 7,000 12,000 12,500 4,000 3,000 The company uses a perpetual inventory system. Instructions Prepare a multiple-step income statement for the year ended December 31, 2017.