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.Multistep Income Statement (19 points) Given the following information, prepare a multistep income statement (not a single-step) for Entity H for the year ended December

.Multistep Income Statement (19 points) Given the following information, prepare a multistep income statement (not a single-step) for Entity H for the year ended December 31, 2022 in good form.

Administrative expenses

22,000

Cost of goods sold

96,000

Freight out

8,000

Gain on sale of equipment

5,000

Income tax expense (20% of income before tax)

?

Interest expense

4,000

Interest revenue

3,000

Loss due strike

2,000

Prepaid insurance

9,000

Sales

260,000

Sales discounts

7,000

Sales returns and allowances

3,000

Selling expenses

15,000

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