Exercise #2
		10 points
		The adjusted trial balance accounts:
		Advertising Expense $ 15,000
		Cost of Goods Sold	347,000
		Depreciation Expense	3,500
		Freight-out	2,000
		Income Tax Expense	21,700
		Interest Expense	19,000
		Interest Revenue	25,000
		Merchandise Inventory	35,750
		Prepaid Rent	4,500
		Sales	575,000
		Sales Discounts	9,500
		Sales Returns and Allowances	50,000
		Store Salaries Expense	74,000
		Unearned Revenue	8,000
		Utilities Expense	18,000
		Prepare a multiple-step income statement, in proper form, for the year ended December 31, 2014 for Cosey Inc.
		Also known as a classified income statement