Current Attempt in Progress Novak Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account. Presented below is the unadjusted trial balance for Novak Clothing as of December 31, 2022. Adjustment data: 1. Customers used gift cards to purchase merchandise totaling $4,400. 2. Inventory actually on hand is $36,500. Prepare a multiple-step income statement for the year. NOVAK CLOTHING Income Statement Sales Sales Revenue 5 Less Sales Returns and Allowances Sales Discounts Netsales Cost of Goods Sold Gross Profit Operating Expenses A.dvertising Expense $ Salarles and Wages Expense Rent Expense Utlitles Expense Total Operating Expenses Income from Operations Total Operating Expenses Interest Revenue Net income / (Loss) $