Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream Assume that a local Baskin Robbins in Raleigh North Carolina, has the following amounts for the month of July 2021 Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $11,9ee Sales revenue 1,400 Interest income 1,200 Cost of goods sold 2,780 Rent expense 4,200 Interest expense Inventory (July 31, 2021) $60, Bee 1,5ee 27,800 4,900 500 1,200 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021, BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales Total sales revenue $ 60,800 Loss Sales returns 1,200 S Required information $ Net sales: Total sales revenue Less: Sales retums Net sales revenue Cost of goods sold 60,800 1,200 $ 59,600 27,800 31,800 Gross profit Operating expenses: Salaries expense Utilities expense Rent expense 11,900 2,700 4,900 Total Operating income Non-operating items: Interest income 19,500 12,300 1,500 AUT Pont avanen 0 Required information 19,500 12,300 Total Operating income Non-operating items: Interest income 1,500 Interest expense 500 Total Nincome before income taxes income tax expense 4,200 Net income