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

Sheridan Company Income Statement For the Year Ended December 31, 2022
Revenues
Net sales		$952,000
Other revenues		24,640
		976,640
Cost of goods sold		621,600
Gross profit		355,040
Operating expenses
Selling expenses		122,080
Administrative expenses		115,360
		237,440
Net earnings		$117,600

As an experienced, knowledgeable accountant, you review the statement and determine that the following steps were taken by the accountant to compute the amounts presented in the income statement.

1.		Net sales, as presented, consist of sales $1,020,320, less freight-out on merchandise sold $36,960, and sales returns and allowances $31,360.
2.		Other revenues, as presented, consist of sales discounts $20,160 and rent revenue $4,480.
3.		Selling expenses, as presented, consist of salespersons salaries $89,600; depreciation on equipment $11,200; advertising $14,560; and sales commissions $6,720. The commissions represent commissions paid. At December 31, $3,360 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, as presented, consist of office salaries $52,640; dividends $20,160; utilities $13,440; interest expense $2,240; and rent expense $26,880, which includes prepayments totaling $6,720 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.)