Exercise 5-11 The following selected accounts from the Ayayal Corp.'s general ledger are presented below for the year ended December 31, 2017: Advertising expense $ 40,700 Interest revenue $ 22,200 Common stock 165,000 Inventory 49,580 Cost of goods sold 802,900 Rent revenue 17,760 Depreciation expense 92,500 Retained earnings 395,900 Dividends 111,000 Salaries and wages expense 499,500 Freight-chat 18,500 Sales discounts 6,290 Income tax expense $1,800 Sales returns and allowances 30,340 Insurance expense 11,100 Sales revenue 1,776,000 Interest expense 51,800 Prepare a multiple-step income statement. AYAYAI CORP. Income Statement