On December 31, 2019, the balances of selected accounts appearing in the

ledger of Supreme Interiors Company, a furniture wholesaler, are as follows:

Administrative Expenses

$ 105,000

Building

512,500

Cash

48,500

Cost of Goods Sold

750,000

Gain on disposal of Capital Asset

5,000

Interest Expense

7,500

Paul Pear, Capital

568,580

Paul Pear, Withdrawals

25,000

Inventory

130,000

Notes Payable

25,000

Office Supplies

10,600

Salaries Payable

3,220

Sales

1,300,000

Sales Discounts

25,000

Sales Returns and Allowances

60,000

Selling Expenses

195,000

Store Supplies

7,700

prepare the multi-step income statement for the end f the year