PREPARE THE MULTI STEP INCOME STATEMENT FOR EGOTIST LTD 2022.

NOTE 60% OF EXPENSE IS SELLING

1. Sales Revenue 1,500,000 2. Sales Returns and Allowances 1,485 3. Beginning Stock 1,750 4. Purchases 100,145 5. Salaries Expense 3,800 6. Rent Expense 7,550 7. Advertising Expense 18,500 8. Depreciation Expense 8,000 9. Delivery Expense 14,500 10. Utilities Expense 112 11. Supplies Expense 1,475 12. Sales Discount 474 13. Purchase Discount 455 14. Closing Stock 332 15. Freight ln142 16. Interest Expense 2,740 17. Interest Revenue 2,200 18. Income Tax Expense 7,580 Prepare the multi-step income statement for