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

Cost of goods sold $232,000 Rent expense $ 30,000

Depreciation Expense 7,000 Sales discounts 8,000

Insurance expense 12,000 Sales returns and allowances 13,000

Salary expense 63,000 Sales 410,000

Interest expense 1,000 Gain on sale of equipment 4,000

Loss due to vandalism 5,000 Interest income 1,200

Instructions

1. Prepare a multiple -step income statement.