7. The following accounts are taken from the accounting records of Maggie Company at December 31, 2015 after adjustments: Sales revenue $250,000 Sales salaries expense 14,000 Administrative salaries expense 15,000 Depreciation expense: equipment 8,000 Purchases 160.000 Sales returns 1,000 Purchases returns 2,000 Freight-in 10,000 Inventory, 1/1/15 80,000 Retained earnings, 1/1/15 60,000 In addition, the following information is available: The inventory on December 31, 2015, was $75,000. Ten thousand shares of common stock were outstanding during the entire year. Maggie paid dividends of $1.00 pershare. At the end of October, Maggie sold its unprofitable restaurant component. From January through October, the component had incurred an operating loss (pretax) of $14,000. The sale was made at a loss (pretax) of $8,000. The applicable tax rate is 30%. Required: Prepare a 2015 multiple-step income statement for the Maggie Company