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Presented below is information for Annie Company for the month of March 2018. Cost of goods sold $245,000 Rent expense $36,000 Freight-out 7.000 Sales discounts

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Presented below is information for Annie Company for the month of March 2018. Cost of goods sold $245,000 Rent expense $36,000 Freight-out 7.000 Sales discounts 8,000 Insurance expense 5,000 Sales returns and allowances 11.000 Salaries and wages expense 63,000 Sales revenue 410,000 (a) Prepare a multiple-step income statement. ANNIE COMPANY Income Statement $ ANNIE COMPANY Income Statement I $ $ Owner's Capital, March 31 Owner's Capital, March 314 1 4 $

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