Exercise 5-11 The following selected accounts from the Pina Colada Corp.s general ledger are presented below for the year ended December 31, 2017: Advertising expense $ 52,800 Interest revenue $ 28,800 Common stock 240,000 Inventory 64,320 Cost of goods sold 1,041,600 Rent revenue 23,040 Depreciation expense 120,000 Retained earnings 513,600 Dividends 144,000 Salaries and wages expense 648,000 Freight-out 24,000 Sales discounts 8,160 Income tax expense 67,200 Sales returns and allowances 39,360 Insurance expense 14,400 Sales revenue 2,304,000 Interest expense 67,200 Prepare a multiple-step income statement.