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 for Sauter Office Supplies for the year ended December 31, 20-- Sales Sales Returns and Allowances Sales Discounts Interest Revenue Merchandise Inventory, January 1, 20- Purchases Purchases Returns and Allowances Purchases Discounts $156,903 1,557 4,155 422 28,413 111,531 5,330 2,703 Check My Work Partially correct Instructions Purchases Returns and Allowances Purchases Discounts Freight-In Merchandise Inventory, December 31, 20- Wages Expense Supplies Expense Phone Expense Utilities Expense Insurance Expense Depreciation Expense-Equipment Miscellaneous Expense Interest Expense 5,330 2,703 884 33,011 27,601 777 902 7,983 1,288 3,787 581 4,715