Nicholas Company had the following Adjusted Trial Balance for the month ended May 31, 2016.Prepare the Multi-Step Income Statement.

Account Names Cash Petty Cash Fund Accounts Receivable Merchandise Inventory, 9/30/16 Store Supplies Office Supplies Prepaid Insurance Land Forklift Accumulated Depreciation, Forklift Delivery Truck Accumulated Depreciation, Delivery Truck Accounts Payable Salaries Payable Unearned Sales Revenue Notes Payable (Long-Term) Common Stock Retained Earnings Dividends Sales Revenue Sales Discounts Sales Returns & Allowances Cost of Goods Sold Salaries Expense Utilities Expense Repair Supplies Expense Postage Expense Rent Expense Depreciation Expense, Delivery Truck Depreciation Expense, Forklift Office Supplies Expense Insurance Expense Cash Short & Over Interest Expense Interest Revenue Totals Debit Credit $327,081 5,600 23,000 63,000 11,000 3,500 3,683 37,000 32,100 $600 177,000 2,400 107,900 3,000 8,600 122,500 200,000 205,234 4,500 265,900 607 5,300 163,086 33,200 7,300 840 500 16,000 600 600 1,100 317 520 3,300 4,600 $920.734 $920,734 et Sales