Presented below is information for Jorge Company for the year ended March 31, 2012. Cost of goods sold $222,770 Rent expense $35,470 Freight-out 7,147 Sales discounts 8,229 Insurance expense 14,820 Sales returns and allowances 13,982 Salary expense 61,560 Sales 389,740 Instructions (a) Prepare a multiple-step income statement. (List amounts from largest to smallest e.g. 10, 5, 3, 2.) JORGE COMPANY Income Statement For the Year Ended March 31, 2012