3) Use the following information to prepare an Income Statement (multi-step) for S Dec 31, 2020. (20 marks) Cash $ 80,000 Accounts receivable 30,000 Accounts Payable 15,000 B.Smith Capital 100,000 Sales Revenue 110,000 Sales Returns & Allowances 10,000 Sales Discounts 5,000 Cost of Goods Sold 60,000 Beg. Inventory 80,000 Interest Revenue 2,000 Selling Expenses 5,000 General Expenses 2,000 Interest Expense 1,000 End Inventory 70,000