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General ledgers The following selected accounts from the Tamarisk, Inc.s general ledger are presented below for the year ended December 31, 2022: Advertising expense $

General ledgers The following selected accounts from the Tamarisk, Inc.s general ledger are presented below for the year ended December 31, 2022:

Advertising expense

$ 57,000

Interest revenue

$ 34,000

Common stock

252,000

Inventory

69,000

Cost of goods sold

1,087,000

Rent revenue

24,000

Depreciation expense

127,000

Retained earnings

537,000

Dividends

152,000

Salaries and wages expense

676,000

Freight-out

27,000

Sales discounts

8,700

Income tax expense

72,000

Sales returns and allowances

45,000

Insurance expense

15,000

Sales revenue

2,401,000

Interest expense

71,000

Prepare a multiple-step income statement. image text in transcribedimage text in transcribed

The following selected accounts from the Tamarisk, Inc's general ledger are presented below for the year ended December 31, 2022: Advertising expense $57,000 Interest revenue $ 34,000 Common stock 252,000 Inventory 69,000 Cost of goods sold 1,087,000 Rent revenue 24,000 Depreciation expense 127,000 Retained earnings 537,000 Dividends 152,000 Salaries and wages expense 676,000 Freight-out 27,000 Sales discounts 8.700 45,000 Income tax expense 72.000 Sales returns and allowances Insurance expense 15,000 Sales revenue 2,401,000 Interest expense 71,000 Prepare a multiple-step income statement. Tamarisk, Inc Income Statement For the Year Ended December 31, 2022 2400000 Sales Decount s Sales Returns and Allowances L 49000 Net Sales Sales Revenue Gros Pront Operating Bences

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