Current Attempt in Progress Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2020 information related to Vaughn Company ($000 omitted). $5,039 4,099 60,709 17,369 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 2,829 8,119 6,619 96,639 9,209 1.999 Common shares outstanding for 2020 total 38,465 (000 omitted). -/1.35 > > $ 8037 se 6537 s 17321 ises Expense 4957 se 4017 Expenses 8974 ions Gains 1917 25005 9127 A 15878 LA 0.40