Problem 1 (Income Statement) (19 Points) Cox Sportswear Company had the following normal account balances on selected accounts: Sales Revenue Sales Returns and Allowances $645,000 50,000 Sales Discounts Cost of Goods Sold 9,500 396,000 Freight-Out 2,000 Advertising Expense 15,000 Interest Expense 19,000 Salaries and Wages Expense 84,000 Utilities Expense 23,000 Depreciation Expense 3,500 Interest Revenue 25,000 Instructions 1. Use the above information to prepare a Multiple-step Income Statement for the year ended December 31, 2021.