As the staff accountant of Johnson Company Limited, you have been provided with the following selected accounts and their current balances in the ledger for the fiscal year ended December 31, 2020: Cash Accounts receivable Inventory Estimated returns inventory $ 240,000 966,000 1,690,000 22,500 Office supplies Prepaid insurance 13,500 8,000 Office equipment Accumulated depreciation-office equipment 830,000 550,000 Store equipment 3,600,000 Accumulated depreciation-store equipment 1,820,000 Accounts payable 326,000 Customer refunds payable 40,000 Salaries payable 41,500 Note payable (final payment due in 6 years) 300,000 Common stock 500,000 Retained earnings Dividends Sales 2,949,100 100,000 11,343,000 Cost of goods sold 7,850,000 Sales salaries expense 916,000 Advertising expense 550,000 Depreciation expense-store equipment 140,000 Miscellaneous selling expense 38,000 Office salaries expense 650,000 Rent expense 94,000 Depreciation expense-office equipment 50,000 Insurance expense 48,000 Office supplies expense 28,100 Miscellaneous administrative expense 14,500 Interest expense 21,000 Required: 1. Prepare a multiple-step income statement.