-/ 33.3 = Question 1 of 3 View Policies Current Attempt in Progress Presented below is information for Sheridan Co. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $214,100 8,500 12.300 62,200 4.600 Rent expense Sales discounts Sales returns and allowances Sales revenue Other comprehensive income (net of $400 tax) $33,900 8,100 19.200 395,000 2.000 (a) Prepare an income statement using the multiple-step format SHERIDAN CO. Income Statement For the Month Ended January 31, 2022 SHERIDAN CO. Income Statement For the Month Ended January 31, 2022 Sales Sales Revenue 395.000 Less Sales Returns and Allowances S 19,200 Sales Discounts 375.800 Net Sales 2000 Cost of Goods Sold 377800 Gross Profit Operating Expenses Freight-Out Insurance Expense Salaries and Wages Expense Rent Expense Total Operating Expenses Income Before Income Taxes Income Tax Expense Net Income /(Loss) s 34,100