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Piper Produce reported the following account balances for the month of August 31, 2023. Account Name Multiple-step Classification Balance Net Sales Gross Profit $800,000 Miscellaneous

Piper Produce reported the following account balances for the month of August 31, 2023. Account Name Multiple-step Classification Balance Net Sales Gross Profit $800,000 Miscellaneous Income Other Income (Expense), net $12,000 Cost of Goods Sold Gross Profit $350,000 Salaries and Wages Operating Expenses $150,000 Payroll Taxes Operating Expenses $14,000 Depreciation Expense Operating Expenses $15,000 Interest Expense Other Income (Expense), net $6,000 Miscellaneous Expense Other Income (Expense), net $1,000 Income Tax Expense Income Tax Expense $45,000 Use a multiple-step format to prepare Piper Produces income statement for the month ended August 31, 2023. List operating expenses in the order in which they occurred in the list of activities. Piper Produce Income Statement For the Month Ended August 31, 2023 Sales Revenue Blank 1 Cost of Goods Sold Blank 2 Blank 3 Blank 4 Operating Expenses Salaries and Wages Expense Blank 5 Payroll Taxes Expense Blank 6 Blank 7 Expense Blank 8 Total Operating Expenses Blank 9 Operating Income Blank 10 Other Income (Expense), net Blank 11 Income Before Tax Blank 12 Income Tax Expense Blank 13 Blank 14 Blank 15

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