Exercise 1-48 Income Statement The following information is available for Wright Auto Supply at December 31, 2019 Cost of goods sold $21,000 $292,000 Rent expense Depreciation expense Salaries (administrative) 33,800 31,250 Income tax expense 585,600 32,520 Sales revenue Interest expense Wages expense (salespeople) 96,750 2,400 2. Prepare a multiple-step income statement for the year ended December 31, 2019 Wright Auto Supply Income Statement For the Year Ended December 31, 2019 Sales revenue Operating expenses: Other expenses and losses