PROBLEM # 1 40 points Presented below is information for XYZ Company for the month of March 2018. Cost of goods sold Freight-out Insurance expense Salaries expense $240,000 2,000 3,000 40,000 Rent expense Sales discounts Sales returns and allowances Sales revenue $20,000 8,000 11,000 450,000 Prepare a multiple -step income statement on the attached sheet called "answers with backup". (Calculations either in the spreadsheet cell or on written out to be eligible for credit.)