Pure Instructions Prepare the sales section of the income statement. E5-6 Presented below is information for Lieu Co. for the month of January 2017 Cost of goods sold $212,000 Rent expense 7,000 Sales discounts 12,000 Sales returns and allowances 60,000 Sales revenue 5,000 Other comprehensive income (net of $400 tax) $ 32,000 8,000 20,000 370,000 Freight-out Insurance expense Salaries and wages expense Income tax expense 2,000 274