Oppong Corporation began operations several years ago. Oppong Corporation's closing entries at July 31, 2014 are shown below. Use this information to prepare a classified multi-step income statement for the year ending July 31, 2014. Date General Journal Account/Explanation Page GJ1 F Debit Credit 31/Jul Rent Eamed 206,000 Sales 330,000 Income Summary 536,000 Close temporary credit balance accounts 31/Jul Income Summary 575,500 Advertising Expense 83,500 Cost Of Goods Sold 120,000 Depreciation Expense, Office Fixtures 8,000 Depreciation Expense, Store Equipment 10,500 Insurance Expense 17,000 Interest Expense 10,000 Office Salaries Expense 159,500 Office Supplies Expense 48.000 Sales Discounts 26,500 Sales Returns and Allowances 8,000 Sales Salaries Expense 57,000 Store Supplies Expense 27,500 Close temporary debit balance accounts 31/Jul Retained Eamings 39,500 39,500 Income Summary Close income summary 31/Jul Retained Eamings Dividends Close dividends 34.500 34,500 P Type here to search E II (select one) Income Statement (select one)