Presented below is information for Monty Company for the month of March 2020. Cost of goods sold $228,450 Rent expense $33,320 Freight-out 6,410 Sales discounts 8,480 Insurance expense 5,570 Sales returns and allowances 12,070 Salaries and wages expense 55,660 Sales revenue 394,030 3 Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MONTY COMPANY Income Statement For the Month Ended March 31, 2020 March 31, 2020 For the Year Ended March 31, 2020 $