An alphabetical list of Orioles Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances.

Accounts payable		$15,570		Notes payable		$42,000
Accumulated depreciationequipment		14,000		Prepaid insurance		575
Accumulated depreciationfurniture		17,500		R. Smistad, capital		65,750
Cash		24,910		R. Smistad, drawings		78,000
Cost of goods sold		272,500		Rent expense		24,200
Depreciation expense		7,060		Salaries expense		50,400
Equipment		35,000		Salaries payable		2,250
Furniture		42,000		Sales		475,000
Insurance expense		3,575		Sales returns and allowances		16,300
Interest expense		2,110		Supplies		950
Interest payable		585		Supplies expense		6,325
Merchandise inventory		71,350		Unearned revenue		2,600

Additional information: 1. Of the notes payable, $6,200 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $3,500 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 parentheses e.g. (45).)

ORIOLE COMPANY Income Statement choose the accounting period For the Year Ended August 31, 2021August 31, 2021For the Month Ended August 31, 2021
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense				$enter a dollar amount
select between addition and deduction AddLess: select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense				enter a dollar amount
select a closing name for section one DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses				enter a total amount for section one
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense				enter a dollar amount
select a summarizing line for the first part DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses				enter a total amount for the first part
select an opening name for section two DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense		$enter a dollar amount
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense		enter a dollar amount
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense		enter a dollar amount
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense		enter a dollar amount
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense		enter a dollar amount
select a closing name for section two DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses				enter a total amount for section two
select a summarizing line for the second part DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses				enter a total amount for the second part
select an opening name for section three DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses
select an income statement item Cost of Goods SoldDepreciation ExpenseInsurance ExpenseInterest ExpenseRent ExpenseSalesSales Returns and AllowancesSalaries ExpenseSupplies Expense				enter a dollar amount
select a closing name for this statement DrawingsGross Profit / (Loss)Net SalesProfit / (Loss)Operating ExpensesOther ExpensesOther RevenuesProfit from OperationsTotal Operating ExpensesTotal Other Expenses				$enter a total profit or loss amount