Grouper Athletic Wear Inc's adjusted trial balance amounts (with the exclusion of the adjusting entry to update Inventory and Cost of Goods Sold accounts) appear in alphabetical order as follows on December 31, 2021, the end of its fiscal year: $118,320 Inventory. Jan. 1 $58,320 63,648 Land 108,000 74,592 180,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Administrative expenses Buildings 61.776 Mortgage payable Prepaid insurance Property tax payable 3,456 260.496 6,912 273,600 Purchases discounts 32,400 Cash 24,480 9.216 Common shares 75,600 578,304 Deferred revenue 11.952 Purchase returns and allowances Purchases Refund liability Retained earnings Salaries payable 5.952 Dividends declared 11.520 98,784 Equipment 158,400 5,040 Freight in 8.064 Sales 917,280 Income tax expense 23.040 Selling expenses 11.520 Interest expense 14.976 1. Grouper Athletic Wear uses a periodic inventory system. 2. A physical inventory count determined that Inventory on December 31, 2021, was $104,544. 3. Of the mortgage payable, $18,000 is due in the next year. 4. Common shares of $36,000 were issued during the year. Prepare a multiple-step statement of income for the year GROUPER ATHLETIC WEAR INC. Statement of Income Year Ended December 31, 2021 Sales reve $ $