Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to O decimal places, e.g. 5,125.) Oriole Company Income Statement Income Statement For the Year Ended December 31, 2022 Revenues Net sales $1,173,000 Other revenues 30,360 1,203,360 Cost of goods sold 765,900 Gross profit 437,460 Operating expenses Selling expenses 150,420 Administrative expenses 142,140 292,560 Net earnings $144,900 As an onnelai As an experienced, knowledgeable accountant, you review the statement and determine that the following steps were taken by the accountant to compute the amounts presented in the income statement. 1. Net sales, as presented, consist of sales $1,257,180, less freight-out on merchandise sold $45,540, and sales returns and allowances $38,640. 2. 3. 4. Other revenues, as presented, consist of sales discounts $24,840 and rent revenue $5,520. Selling expenses, as presented, consist of salespersons' salaries $110,400; depreciation on equipment $13,800; advertising $17,940; and sales commissions $8.280. The commissions represent commissions paid. At December 31, $4,140 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense. Administrative expenses, as presented, consist of office salaries $64,860; dividends $24,840; utilities $16,560; interest expense $2,760; and rent expense $33,120, which includes prepayments totaling $8.280 for the first quarter of 2018