Prepare multiple-step income statement The following selected information is for Okanagan Company for the year ended January 31, 2024: Delivery expense $ 7,000 Purchase discounts $ 12,000 Freight in 6,500 Purchase returns and allowances 16,000 Insurance expense 12,000 Rent expense 20,000 Interest expense 6,000 Salaries expense 61,000 Merchandise inventory, beginning 61,000 Salaries payable 2,500 Merchandise inventory, ending 42,000 Sales 325,000 O. G. Pogo, capital 105,000 Sales discounts 14,000 O. G. Pogo, drawings Purchases 42,000 Sales returns and allowances 20,000 210,000 Unearned revenue 4,500 Instructions a. Prepare a multiple-step income statement.