i need someone to help me with this and follow the same exacf format so i don't get confused. thank you

An inexperienced accountant prepared this condensed income statement for Simon Company, a retail firm that has been in business for a number of years. SIMON COMPANY Income Statement For the Year Ended December 31, 2022 Revenues Net sales $850,000 Other revenues 22,000 872,000 Cost of goods sold 555,000 Gross pront 317,000 Operating expenses Selling expenses 109,000 Administrative expenses 103,000 212,000 Net earnings $105,000 2 As an experienced, knowledgeable accountant, you review the statement and determine that the following steps were taken by the accountant to compute the amounts presented in the income statement 1. Net sales, as presented, consist of sales $911,000, less freight-out on merchandise sold $33,000, and sales returns and allowances $28,000 Other revenues, as presented, consist of sales discounts $18,000 and rent revenue $4,000. 3. Selling expenses, as presented, consist of salespersons' salaries $80,000; depreciation on equipment $10,000; advertising $13.000, and sales commissions $6,000. The commissions represent commissions paid. At December 31, $3.000 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense. Administrative expenses, as presented, consist of office salaries $47,000, dividends $18,000; utilities $12,000; interest expense $2,000; and rent expense $24,000, which includes prepayments totaling $6,000 for the first quarter of 2018 4 Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to decimal places, e.. 5,125) 0.4471 TH > Question 1 of 1 Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to decimal places, 5,125) SIMON COMPANY Income Statement For the Year Ended December 31, 2022 Operating Expenses 911006 Less y 28000 i sales return Sales Discounts 18000 Net Sales 986500C Cost of Goods Sold 555000 Gross Pro V 31000 Operating Expenses selling expenses Freight Out 330001 salary expense equipment 80000 Depreciation Expense 100001 Advertising 13000 1 tales commission 9000 Tot Operating Expenses 14500 Socom From Operations v Other Revenue and GM Salaries and Wars Expense 120100 V total expens 72000 operating income Total Revenues 400 e Textbook and Media List of Accounts