Accounts Payable		$ 70,600
Accounts Receivable		46,000
Accumulated DepreciationEquipment		183,600
Cash		21,600
Common Stock		94,500
Cost of Goods Sold		1,646,340
Freight-Out		17,410
Equipment		429,190
Depreciation Expense		37,500
Dividends		32,400
Gain on Disposal of Plant Assets		5,400
Income Tax Expense		27,000
Insurance Expense		24,300
Interest Expense		13,500
Inventory		70,300
Notes Payable		117,450
Prepaid Insurance		16,200
Advertising Expense		90,450
Rent Expense		91,800
Retained Earnings		37,900
Salaries and Wages Expense		320,360
Sales Revenue		2,440,000
Salaries and Wages Payable		16,200
Sales Returns and Allowances		54,000
Utilities Expense		27,300

Additional data: Notes payable are due in 2026.

Prepare a multiple-step income statement. (List other revenues before other expenses.)

BLOSSOM DEPARTMENT STORE Income Statement