QS 5-12 Preparing a multi-step income statement 10 P4 Save-the-Earth Co. reports the following income statement accounts for the year ended December 31 900 Sales discounts Office salaries expense Rent expense-Office space Advertising expense Sales returns and allowances Office supplies expense Cost of goods sold Sales Insurance expense Sales staff salaries 3,500 3,000 800 400 800 12,000 50,000 2,500 4,000 Prepare a multiple-step income statement for the year ended December 31. Save-the-Earth Co. Income Statement For Year Ended December 31 Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses