Instructions Multiple-Step Income Statement Use the following information to prepare a multiple-step income statement, including the revenue section and the cost of goods sold sectio for Sauter Office Supplies for the year ended December 31,20. \begin{tabular}{lr} Purchases Returns and Allowances & 5,374 \\ Purchases Discounts & 2,700 \\ Freight-In & 863 \\ Merchandise Inventory, December 31, 20-- & 32,976 \\ Wages Expense & 27,595 \\ Supplies Expense & 738 \\ Phone Expense & 880 \\ Utilities Expense & 8,016 \\ Insurance Expense & 1,281 \\ Depreciation Expense-Equipment & 3,806 \\ Miscellaneous Expense & 608 \\ Interest Expense & 4,699 \end{tabular} Generalized Statement Sauter Office Supplies Income Statement For Year Ended December 31, 20-- Revenue from sales: Cost of goods sold