Exercise 5-11 The following selected accounts from the Whispering Winds Corp's general ledger are presente 32,400 72,360 25,920 577,800 729,000 9,180 44,280 2,592,000 $59,400 Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense Interest revenue 270,000 Inventory 1,171,800 135,000 162,000 Rent revenue Retained earnings Salaries and wages expense 27,000 Sales discounts 75,600 Sales returns and allowances 16,200 Sales revenue 75,600 Prepare a multiple-step income statement. WHISPERING WINDS CORP. Income Statement