Please prepare a multi-step income statement for Retail Inc. for the year ending December 31, 2018 using the following information and answer the fill-in-the blanks below

(Please show work)

Salaries expense Sales returns Utilities expense Income tax expense $12,400 1,100 2,950 4,700 400 Sales revenue Interest income Cost of goods sold Rent expense $63,300 2,000 28,050 5,400 Interest expense Net sales Gross profit Total operating expenses Operating income Total non-operating items Income before income taxes Net income