Presented below is information for Furlow Company for the month of March 2014.

Cost of goods sold	$222,960	Rent expense	$30,490
Freight-out	6,030	Sales discounts	7,710
Insurance expense	5,730	Sales returns and allowances	13,080
Salaries and wages expense	56,660	Sales revenue	392,190

Prepare a multiple-step income statement.

Furlow COMPANY Income Statement For the Month Ended March 31, 2014
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses
	$
LessAdd:
	$
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses
DividendsNet Income / (Loss)Retained Earnings, March 1Retained Earnings, March 31Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross Profit / (Loss)Operating ExpensesTotal Operating Expenses	$