Ennio Morricone Company had the following normal account balances on selected accounts: Sales Revenue $480,000 Sales Returns and Allowances 12.000 Cost of Goods Sold 316,000 Freight-Out 7,000 Advertising Expense 16,000 Interest Expense 19,000 Salaries and Wages Expense 64,000 Utilities Expense 17,000 Depreciation Expense 7,000 Interest Revenue 5,000 Insurance Expense 2,000 Sales Discounts 8,000 Gain on disposal of equipment 10,000 Instructions 1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2022