An alphabetical list of Cullumber Company adjusted accounts at its fiscal vear end, August $31,2024,$ follows. All accounts have normal balances.Accounts payable$15,500$Notes payable$542,000$Accumulated depreciation$-$equipment$14\mathrm{.}000$Prepaid insurance$575$Accumulated depreciation$-$furniture$17,500$R$.$ Williams, capital$65,750$Cash$14,000$R$.$ Williams, drawings$77,000$Cost of goods sold$270\mathrm{.}435$Rent expense$24,900$Depreciation expense$7,000$Salaries expense$50,600$Equipment$35\mathrm{.}000$Salaries payable$2,250$Furniture$42,000$Sales$466,000$Insurance expense$3,573$Sales returns and allowances$19,000$Interest expense$3,705$Supplies$950$Interest payable$615$Supplies expense$6,325$Merchandise inventory$71,150$Unearned revenue$2,600$Additional information:$1.$ Of the notes payable, $$6,100$ becomes due on February $17,2025.$ The balance is due in $2026\mathrm{.}2.$ On July $18,2024,$ R$.$ Williams invested $$3,800$ cash in the business.

Prepare a multiple$-$step income statement. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parenthesese.g$.(45).)$

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