Cost of goods sold $292,700 Rent expense $21,000 Depreciation expense 31,250 Salaries (administrative) 33,800 Income taxes expense 32,520 Sales revenue 591,400 Interest expense 2,400 Wages expense (salespeople) 87,500 Required: 1. Prepare a single-step income statement for the year ended December 31. Wright Auto Supply Income Statement For the year ending December 31 Revenues: Sales revenue < Expenses: Cost of goods sold Wages expense Salaries expense Prepaid rent Interest payable Interest expense Total expenses 2. Prepare a multiple-step income statement for the year ended December 31. 2. Prepare a multiple-step income statement for the year ended December 31. Wright Auto Supply Income Statement For the year ending December 31 Operating expenses: Wages expense Salaries expense Depreciation expense Rent expense Total operating expenses Income from operations Other expenses and losses: Interest expense Income before taxes Income taxes expense Net income 0000 00