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Please, prepare multi step income statement from the following information. Sales 482 000 Salaries exp. 45 000 Sales returns and allowances 16 700 Sales discounts

Please, prepare multi step income statement from the following information.

Sales 482 000

Salaries exp. 45 000

Sales returns and allowances 16 700

Sales discounts 4300

Rent exp. 19 000

Cost of goods sold 315 000

Utilities exp. 17 000

Advertising exp. 14 000

Interest revenue 1000

Depreciation exp. 6000

Rent revenue 2400

Freight out 7000

Insurance exp. 2000

Interest exp. 1800

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