Common stock 315,000 Inventory 84,420 Cost of goods sold 1,367,100 Rent revenue 30,240 Depreciation expense 157,500 Retained earnings 674,100 Dividends 189.000 Salaries and wages expense 850,500 Freight-out 31,500 Sales discounts 10,710 Income tax expense 88,200 Sales returns and allowances 51,660 Insurance expense 18,900 Sales revenue 3,024,000 Interest expense 88,200 Prepare a multiple-step income statement. BLUE SPRUCE CORP. Income Statement $ $