Presented below is information for Zhou Co. for the month of January 2014 Cost of goods sold Freight-out Insurance expense Salaries and wages expense $33,600 8,620 18,100 396,300 $210,600 Rent expense 6,500 13,100 62,500 Sales discounts Sales returns and allowances Sales revenue Prepare an income statement using the multi-step format. Assume a 20% tax rate. ZHOU Co. Income Statement For the Month Ended January 31, 2014