Presented below is information for Pryor Company for the month of January 2020.

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

Inventory 2,000

Accounts receivable 1,200

Instructions:

Do a multiple -step income statement.