Please prepare a multi-step income statement

Exercise 8-18 Complete the accounting cycle (L08-1,8-2, 8-4, 8-6) (The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 26,700 49,400 $5,300 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 21,600 62,000 23,000 3,100 30,100 66,000 51,000 26,700 $182,700 $182,700 During January 2021, the following transactions occurs January 2 Sold gift cards totaling $11,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $163,000 January 15 Firework sales for the first half of the month total $151,000. All of these soles are on account. The cost of the units sold is $81,800. January 23 Receive $127,000 from customers on accounts receivable January 25 Pay $106,000 to inventory suppliers on accounts payable January 28 Write off accounts receivable as uncollectible, $6,400. January 30 Firework sales for the second half of the month total $159,000. Sales include $13,000 for cash and $146,000 on account. The cost of the units sold is $87,500 January 31 Pay cash for monthly salaries, $53,600. Exercise 8-18 Part 4 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 $ 0 Total operating expenses 0 0 0 $ 0