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LCUL. 55.12 (LO-4), AP The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022:

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LCUL. 55.12 (LO-4), AP The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022: Prepare a multiple-step income statement. $ Advertising expense $ 55,000 Common stock 250,000 Cost of goods sold 1,085,000 Depreciation expense 125.000 Dividends 150,000 Freight-out 25,000 Income tax expense 70,000 Insurance expense 15,000 Interest expense 70,000 Instructions Prepare a multiple-step income statement Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances 30,000 67,000 24,000 535,000 675,000 8.500 41,000 Sales revenue 2,400,000

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