Lopez Corporation reported the following items for the year ended December 31, 2015:

Salary expense -Office $ 280,000

Salary expense Salespeople 90,000

Cost of goods sold 475,000

Accounts Payable 20,000

Interest Expense 15,000

Sales Revenue 994,000

Supplies expense -Office 18,000

Advertising expense 10,000

Income tax expense 65,000

Retained Earnings 25,000

REQUIRED: Prepare a multiple-step income statement for the year ended December 31, 2015. Lopez Corporation classifies all operating expenses into two categories:(1) selling and (2) general and administration. A heading is required.