An inexperienced accountant prepared this condensed income statement for Blossom Company, a retail firm that has been in business for a number of years.

BLOSSOM COMPANY Income Statement For the Year Ended December 31, 2017
Revenues
Net sales		$1,241,000
Other revenues		32,120
		1,273,120
Cost of goods sold		810,300
Gross profit		462,820
Operating expenses
Selling expenses		159,140
Administrative expenses		150,380
		309,520
Net earnings		$153,300

As an experienced, knowledgeable accountant, you review the statement and determine the following facts.

1.		Net sales consist of sales $1,330,060, less freight-out on merchandise sold $48,180, and sales returns and allowances $40,880.
2.		Other revenues consist of sales discounts $26,280 and rent revenue $5,840.
3.		Selling expenses consist of salespersons salaries $116,800; depreciation on equipment $14,600; advertising $18,980; and sales commissions $8,760. The commissions represent commissions paid. At December 31, $4,380 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense.
4.		Administrative expenses consist of office salaries $68,620; dividends $26,280; utilities $17,520; interest expense $2,920; and rent expense $35,040, which includes prepayments totaling $8,760 for the first quarter of 2018.

Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to 0 decimal places, e.g. 5,125.)