Burke Company

The following income statement items are taken from the records of Burke Company for the year ended December 31, 2016:

Advertising expense

$2,600

Commission expense

3,515

Cost of goods sold

29,200

Depreciation expense - Office Building

4,000

Income tax expense

190

Insurance expense - sales persons auto

3,350

Interest expense

1,400

Interest revenue

2,340

Rent revenue

7,700

Salaries and wages expense - Office

13,660

Sales Revenue

50,300

Supplies expense - Office

1,990

232. Read the information about Burke Company.

Required:

Prepare a multiple-step income statement for the year ended December 31, 2016.