Presented below is selected information for Blue Company for the month of March 2022. Cost of goods sold $232,500 Rent expense $33,490 Freight-out 6,070 Sales discounts 8,000 Insurance expense 5,700 Sales returns and allowances 12,000 Salaries and wages expense 58,730 Sales revenue 395,000 (a) 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).) BLUE COMPANY Income Statement