Exercise 6-17 The following selected accounts from the Sheffield Corp.'s accounting records are presented below for the year ended December 31, 2017: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 58,300 265,000 1,150,100 132,500 159,000 26,500 74,200 15,900 74,200 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 31,800 71,020 25,440 567,100 715,500 9,010 43,460 2,544,000 Prepare a multiple-step income statement. SHEFFIELD CORP. Income Statement