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

SUNLAND COMPANY Income Statement For the Year Ended December 31, 2017
Revenues
Net sales		$1,173,000
Other revenues		30,360
		1,203,360
Cost of goods sold		765,900
Gross profit		437,460
Operating expenses
Selling expenses		150,420
Administrative expenses		142,140
		292,560
Net earnings		$144,900

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

1.		Net sales consist of sales $1,257,180, less freight-out on merchandise sold $45,540, and sales returns and allowances $38,640.
2.		Other revenues consist of sales discounts $24,840 and rent revenue $5,520.
3.		Selling expenses consist of salespersons salaries $110,400; depreciation on equipment $13,800; advertising $17,940; and sales commissions $8,280. The commissions represent commissions paid. At December 31, $4,140 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 $64,860; dividends $24,840; utilities $16,560; interest expense $2,760; and rent expense $33,120, which includes prepayments totaling $8,280 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.)