Exercise 5-11 The following selected accounts from the Blue Spruce Corp.'s general ledger are presented below for the year ended December 31, 2017: 22,800 50,920 18,240 406,600 513,000 6,460 31,160 1,824,000 $41,800 Interest revenue Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense 190,000 Inventory 824,600 Rent revenue 95,000 114,000 19,000 53,200 11,400 53,200 Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue Prepare a multiple-step income statement BLUE SPRUCE CORP Income Statement