Exercise 5-12 The following selected accounts from the Swifty Corporation's general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 43,000 238,000 1,073,000 113,000 138,000 13,000 58,000 15,000 58,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 21,000 55,000 24,000 523,000 663,000 7,600 32,000 2,388,000 Prepare a multiple-step income statement. Swifty Corporation Income Statement December 31, 2022 For the Month Ended December 31, 2022 For the Year Ended December 31, 2022 N el, Financial Accounting, 90 Help System Announcements Dividends Gross Profit Income From Operations Income before Income Taxes Net Income /(Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Total Operating Expenses Sales Net Other Comprehensive Income /(Loss) Comprehensive Income /(Loss) Other Expenses and Losses Other Revenues and Gains