Hi, could someone correctly answer my question I will be sure to rate. If need be please replace any of my answers.

An inexperienced accountant prepared this condensed income statement for Sheridan Company, a retail firm that has been in business for a number of years. SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2017 Revenues Net sales $969,000 Other revenues 25,080 994,080 Cost of goods sold 632,700 Gross profit 361,380 Operating expenses Selling expenses 124,260 Administrative expenses 117,420 241,680 $119,700 Net earnings As an experienced, knowledgeable a ntant, you review the statement and determine the following facts. 1. Net sales consist of sales si,038,540, less freight-out on merchandise sold $37,620, and sales returns and allowances s31,920 2. Other revenues cont st of sales discounts $20,520 and rent revenue $4,560 Selling expenses consist of salespersons' salaries $91,200; depreciation on equipment 400, advertising $14,820, and sales commissions $6,840. The commissions represent commissions paid. At December 31, $3,420 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense 4. Administrative expenses consist of office salaries $53,580, dividends $20,520 utilities $13680; interest expense $2,280; and rent expense $27,360, which includes prepayments totaling $6,840 for the first quarter of 2018. Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to 0 decimal places, e-g. 5,125.) SHERIDAN COMPANY Income Statement he Year Ended December 31, 2017