49) Freestone Company reports the following income statement accounts for the year ended December 31. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Sales Staff Salaries and Advertising Expense. Categorize the remaining expenses as general and administrative. Sales discounts $ 1,000 $ 1,500 Office supplies expense 4,000 Cost of goods sold 3,000 Sales 18,000 40,000 Office salaries expense Rent expense - Office space Advertising expense Sales returns and allowances 1,000 Insurance expense 500 Sales staff salaries 2,000 5,000