CALCULATC Exercise 5-11 The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2017 Advertising expense $55,000 Interest revenue Common stock Cost of goods sold 1,085,000 Rent revenue Depreciation expense Dividends Freight-out Income tax expense 70,000 Sales returns and allowances Insurance expense Interest expense 30,000 67,000 24,000 535,000 675,000 8,500 1,000 2,400,000 250,000 Inventory 125,000 Retained earnings 150,000 Salaries and wages expense 25,000 Sales discounts 15,000 Sales revenue 70,000 Prepare a multiple-step income statement BLUE DOOR CORPORATION Income