Miami Inc. provided the following information for 12-31-2022:
Administrative expenses
Salaries		$ 6,860
Depreciation of Equipment		5,544
Cost of goods sold		84,798
Other revenue		24,122
Selling expenses
Freight-out		3,766
Sales commissions		11,172
Depreciation of Sales Office Equipment	9,072
Sales		135,100
Income tax		12,698
Interest expense		2,604
Instructions:
1. Prepare an income statement for the year 2022 using the multiple-step form.
2. Prepare an income statement for the year 2022 using the single-step form.