Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31:

Account Titiles	Debits	Credits
cash	$ 53,530
accounts receivable	22,400
inventory	81,500
property and equipment	61,000
accumulated depreciation		$ 25,600
accounts payable		37,700
common stock		112,000
retained earnings, Jan 1		13,800
sales revenue		213,200
cost of goods sold	124,400
salaries and wages expense	21,400
office expenses	22,400
unterest expenses	3,100
income tax expense	12,570
Total	402,300	402,300

Prepare a multi-step income statement that would be used for external reporting purposes. TIP: some of the accounts listed will appear on the balance sheet rather than the income statement.