Part 1 of 2 0.56 points 01:33:21 Required: 1. Prepare a multistep income statement that would be used for external reporting purposes. TIP: Some of the accounts listed will appear on the balance sheet rather than the income statement. PSYMON COMPANY, INCORPORATED Income Statement For the Year Ended December 31 eBook Sales Revenue + $ 171,200 Gross Profit Print Salaries and Wages Expense References Office Expense Supplies Expense 171,200 17,400 18,400 0 Net Sales Cost of Goods Sold Income from Operations. Interest Expense 2,100 Income Tax Expense 9,870 Net Income