Henderson Company had the following account balances for the current year. Prepare a multiple-step income statement.

Account receivable 39,900 Cost of Goods Sold 46,200

Dividends 16,100

General and Administrative Expenses 11,900

Inventory 33,300

Sales 109,400

Sales Discounts 3,200

Sales Returns and Allowances 2,800

Selling Expenses 8,600

Revenues: Net Sales (Choose one)Accounts PayableAccounts ReceivableCashCost of Goods SoldDividendsGeneral and Administrative ExpensesInventoryPrepaid InsuranceSalesSales DiscountsSales Returns and AllowancesSelling Expenses Gross Profit 0 Operating Expenses: (Choose one)Accounts PayableAccounts ReceivableCashCost of Goods SoldDividendsGeneral and Administrative ExpensesInventoryPrepaid InsuranceSalesSales DiscountsSales Returns and AllowancesSelling Expenses Total Operating Expenses Net Income $0