Prepare a multi-step income statement in good form for Matthew's Dry Goods for the Month of February 2019.

The following information is obtained from the Trial Balance of Matthew's Dry Goods for the month ended February 28, 2019 Cash $15,000 8,000 Account receivable Prepaid insurance 6,000 Purchases 10,000 250 3,000 Freight in Merchandise inventory (Feb 1, 2019) General and Administrative Expenses Gross Sales 4,000 30,000 5,000 Sales returns & allowances Selling expenses 3,500 Interest paid on loan taken 400 Interest received from investments 800 Note: On physical stock taking at the end of the month it was found that inventory of dry goods on hand amounted to $3,000