7 of 10 View Policies Current Attempt in Progress -12 The selected accounts from the Pina Colada Corp.'s accounting records are presented below for the year ended December 31, 2022: Advertising expense $56,100 Interest revenue $30,600 Common stock 255,000 Inventory 68,340 Cost of goods sold 1,106,700 Rent revenue 24,480 Depreciation expense 127,500 Retained earnings 545,700 Dividends 153,000 Salaries and wages expense 688,500 Freight-out 25,500 Sales discounts 8,670 Income tax expense 71,400 Sales returns and allowances 41,820 Insurance expense 15,300 Sales revenue 2,448,000 Interest expense 71,400 Prepare a multiple-step income statement. PINA COLADA CORP. Income Statement