Below are select account balances from Pink Moron House adjusted trial balance as at December 31, 2020. All accounts have their normal balance.

REQUIRED: Prepare a multiple-step income statement for 2020 in good form.

Account Cash $ $ Sales Balance Account 20,500 Cost of Goods Sold 200,000 Sales Returns and Allowances 10,000 Sales Discounts 1,000 Accumulated Depreciation - Car 5,000 Salaries Expense Balance 100,000 5,000 8,000 60,000 75,000 Unearned Revenue Interest Revenue Depreciation Expense - Car