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An inexperienced accountant prepared this condensed income statement for Carla Vista Co . , a retail firm that has been in business for a number

An inexperienced accountant prepared this condensed income statement for Carla Vista Co., a retail firm that has been in business for a number of years. Carla Vista Co. Income Statement For the Year Ended December 31,2022 Revenues Net sales Other revenues $1,003,00025,9601,028,960654,900374,060 Cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net earnings 128,620121,540250,160 $123,900 As an experienced, knowledgeable accountant, you review the statement and determine the following facts. 1. Net sales consist of sales $1,074,980, less freight-out on merchandise sold $38,940, and sales returns and allowances $33,040.2. Other revenues consist of sales discounts $21.240 and rent revenue $4,720.3. Selling expenses consist of salespersons' salaries $94,400, depreciation on equipment $11,800, advertising $15,340, and sales commissions $7,080. The commissions represent commissions paid. At December 31, $3,540 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense. Administrative avnancos conciat Saffrasalass tE5460, Ouestion 2 of 5-/20 E dividends $21,240, utilities $14,160, interest expense $2,360, and rent expense $28,320, which includes prepayments totaling $7,080 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. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).) CARLA VISTA CO. Income Statement e

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